MUDRA Loan Limit Doubled to ₹20 Lakh: A Boost for Entrepreneurs The Government of India has announced a significant increase in the MUDRA (Micro Units Development and Refinance Agency) loan limit, doubling it from ₹10 lakh to ₹20 lakh. This decision aims to bolster the micro, small, and medium enterprises (MSME) sector, providing entrepreneurs with…
Small Savings Scheme Interest Rates Unchanged for Q3 FY25 Introduction to the Announcement In a recent announcement, the Ministry of Finance confirmed that interest rates for small savings schemes will remain unchanged for the third quarter of the financial year 2024-25 (Q3 FY25). This decision impacts several popular savings instruments, including the Public Provident Fund…
Dharti Aaba Janjatiya Gram Utkarsh Abhiyan Scheme Launched by PM Introduction to the Scheme On October 1, 2024, Prime Minister Narendra Modi launched the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan Scheme, aimed at enhancing the quality of life for tribal communities in India. This initiative focuses on improving access to education, healthcare, and livelihood opportunities…
Pradhan Mantri Janjatiya Unnat Gram Abhiyan: Empowering Tribal Communities Introduction to the Scheme The Pradhan Mantri Janjatiya Unnat Gram Abhiyan (PM-JUGA) is a groundbreaking initiative launched by the Government of India aimed at enhancing the quality of life and socio-economic conditions of tribal communities across the nation. This scheme, which reflects the government’s commitment to…
Cabinet Approves PM eBus Sewa Payment Security Mechanism (PSM) Scheme Introduction to the PM eBus Sewa Payment Security Mechanism (PSM) Scheme The Cabinet has recently approved the PM eBus Sewa Payment Security Mechanism (PSM) Scheme, a significant development aimed at enhancing the payment infrastructure for electric bus services across the country. This initiative is part…
Five Successful Years of Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) Introduction to PM-KMY The Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) has recently marked its five-year milestone, reflecting on its achievements and impact on Indian farmers. Launched on September 12, 2019, this scheme aims to provide a pension to small and marginal farmers, ensuring a stable…
Unified Pension Scheme: A Comprehensive Overview Introduction to the Unified Pension Scheme The Unified Pension Scheme has been recently introduced to streamline and simplify pension processes across various sectors. This new initiative aims to consolidate multiple pension schemes into a single, comprehensive framework, making it easier for beneficiaries to manage their retirement funds. The scheme…
Maharashtra Government Launches Shramik Basera Scheme for Labourers Introduction: Maharashtra’s New Initiative for Labourers The Maharashtra government has recently launched the Shramik Basera Scheme, a significant step aimed at improving the living conditions of laborers across the state. This new initiative reflects the government’s commitment to addressing the challenges faced by the labor workforce, particularly…
Maharashtra Government Launches Scheme to Boost Youth Employability The Maharashtra government has recently unveiled a pioneering initiative aimed at enhancing youth employability across the state. This new scheme comes as a strategic response to the rising unemployment rates exacerbated by the economic downturns induced by the COVID-19 pandemic. Designed to address the critical need for…
Private Sector Drives NPS Growth and Economic Activity The National Pension System (NPS) in India has seen significant growth propelled by the private sector, marking a pivotal shift in retirement planning and economic dynamics. This surge underscores the expanding role of private entities in fostering financial stability and stimulating economic activity. The NPS, initially introduced…
