GOVERNMENT SCHEMES
1) Pradhan Mantri Kisan Sampada Yojana (PMKSY):
The Central government has recently extended the 'Pradhan Mantri Kisan Sampada Yojana
(PMKSY)' till March 2026 with an allocation of Rs 4,600 crore. It has been extended for a period of
2021-22 to 2025-26.
• It is a Central Sector Umbrella Scheme.
• It was launched in 2016 as “Agro-Marine Processing and Development of Agro-Processing
Clusters” or SAMPADA, which was proposed to be implemented with an allocation of Rs
6,000 crore for 2016-20. The scheme was renamed as Pradhan Mantri Kisan Sampada
Yojana (PMKSY) in August 2017.
• It is implemented by the Ministry of Food Processing Industries (MoFPI).
• Objectives:
o To supplement agriculture.
o To create processing and preservation capacities.
o To modernise and expand existing food processing units with a view to increasing the
level of processing.
o To add value leading to the reduction of wastage.
2) PM-CARES Fund:
According to the latest audited statement of Prime Minister’s Citizen Assistance and Relief in
Emergency Situations Fund (PM-CARES Fund), the total corpus under the PM CARES Funds in FY 2020-21 is Rs 10,990.17 crore. While Rs 3,976.17 crore is spent from the fund in FY 2020-21.
• As on March 31, 2021, the Fund had an unspent balance of Rs 7,013.99 crore.
• The government has used a part of the money to buy medical equipment, including
ventilators, to boost the battle against the COVID-19 and has also provided relief to
migrants.
• The highest amount is spent on Procurement of 6.6 crore doses of COVID-19 vaccine i.e.
Rs 1,392.82 crore.
• The fund recorded nearly Rs 494.91 crore as foreign contributions and over Rs 7,183 crore
as voluntary contributions during the fiscal.
• PM CARES fund is a dedicated national fund with the primary objective of dealing with any
kind of emergency or distress situation like posed by the COVID-19 pandemic.
• It was established on 27th March 2020.
• Prime Minister is the ex-officio Chairman of the PM CARES Fund.
3) Voluntary Retention Route (VRR) Scheme:
The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for investments by
Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of ₹ 1,50,000 crore was offered
for investment through VRR, in three tranches so far; of which around ₹1,49,995 crore have been
availed as on February 10, 2022.
The RBI has increased the investment limits available under the VRR. The increased investment
limits shall be open for allotment from April 01, 2022 as per the following details:-
• The investment limit under VRR has been increased to ₹ 2,50,000 crore.
• The investment limit available for fresh allotment shall accordingly be ₹1,04,800 crore (net of
extant allotments and adjustments); and shall be allotted under the VRR–Combined
category.
• The minimum retention period shall be three years.
• Investment limits shall be available ‘on tap’ and allotted on ‘first come, first served’ basis.
• The ‘tap’ shall be kept open till the limit is fully allotted.
• FPIs may apply for investment limits online to Clearing Corporation of India Ltd. (CCIL)
through their respective custodians.
4) SMILE scheme:
The Department of Social Justice & Empowerment has recently launched the SMILE scheme to
provide welfare measures to Transgender community and people engaged in begging.
• SMILE stands for Support for Marginalized Individual for Livelihood and Enterprise.
• It is a central sector scheme launched by Union Minister for Social Justice & Empowerment
Dr Virendra Kumar.
• The scheme comprises of two sub-schemes namely,
o Central Sector Scheme for Comprehensive Rehabilitation for Welfare of Transgender
Persons.
o Central Sector Scheme for Comprehensive Rehabilitation of persons engaged in the
act of Begging.
The sub-schemes will be implemented by National Coordinators along with a suitable
ministry.
• The ministry has allocated Rs. 365 crore for the scheme for the financial year 2021-22 to
2025-26.
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