Daily PIB Summary & Analysis for RBI Grade B 2022, NABARD Grade A 2021, and SEBI Grade A Exam. In this Article we will discuss Press Information Bureau (PIB) Programs and their Summary for RBI Grade B Economics and Social Issue Section.
Press Information Bureau (PIB) releases news related to the policies, programmes, initiatives and achievements of the Government of India. PIB releases are important to be read for the RBI Grade B Exam however, equally important is to know which PIB release should be read.
The Press Information Bureau (PIB) is the nodal agency of the government of India to broadcast and publicize information on government policies, initiatives, achievements and working of every ministry and department within the government through its official website using various articles, images and photographs
Steps taken by the Government for awareness about the new low-cost capsule which can convert the paddy stubble into bio-manure
Multiple efforts have been made to demonstrate the new low cost capsule i.e. Pusa Decomposer Technology developed by ICAR - Indian Agriculture Research Institute (IARI), New Delhi for crop residue management across the country
- Its capsule kits were provided to the farmers of 25 states covering >10,000 ha area during 2020-21.
- A slogan of “jalana nahi, galana hai” was publicized among the farmers.
IARI has licensed this technology to 12 companies for mass multiplication and marketing of the Pusa Decomposer. In addition, ICAR – IARI, New Delhi has produced about 20000 packets of Pusa decomposer at its own facility for use by the farmers.
Government has made a provision for opening of Krishi Vigyan Kendra (KVK) in each of the rural districts across the country
The Government has made a provision for opening of Krishi Vigyan Kendra (KVK) in each of the rural districts across the country. A total of 725 KVKs have been established across the country till date.
- KVKs are mandated for frontline extension which act as a bridge between research organizations and the main extension system operated by different development departments of the State Governments.
Development of Agricultural Cooperative Sector
National Cooperative Development Corporation Act, 1962 Provides for planning and promoting programmes for the production, processing, marketing, storage, export and import of agricultural produce, foodstuffs, industrial goods, livestock, certain other commodities and services on co-operative principles and for matters connected therewith or incidental thereto.
- Since inception and till 31.03.2021, NCDC has disbursed Rs.1.77 lakh crore to cooperatives for their development. It includes assistance to agricultural and horticulture cooperative societies.
The “Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC)” is a Central Sector Scheme for assistance to NCDC programmes for development of Cooperatives. Under the scheme, loan is extended by NCDC from its own resources and subsidy is provided by the Government of India.
- The Highest number of Agricultural Cooperatives are in Maharashtra (21217)
About NCDC Programs:
NCDC plans and promotes programmes on co-operative principles. It assists cooperatives only. NCDC financial assistance schemes encourage and attract people to form new cooperatives for carrying out business activities.
NCDC has extended cumulative financial assistance to cooperatives to the tune of Rs.1.86 lakh crore as on 30.06.2021. Out of this, Rs.1.31 lakh crore has been disbursed in the last seven years (since 2014-15) signifying 286% increase compared to the period, 1963-2014.
- Under its SAHAKAR-22 initiatives, NCDC has in the last two years, has reached out to over 10000 primary level cooperative societies.
- To encourage youth towards cooperatives, NCDC has launched its YUVA SAHAKAR Cooperative Enterprise Support and Innovation Scheme which aims at enabling Start-Ups in cooperative sector different types of business activities.
- Under its SAHAKAR MITRA scheme, NCDC offers internship opportunities to students get experience in areas of functioning of NCDC and related aspects of cooperatives.
- Under its AYUSHMAN SAHAKAR scheme, NCDC offers finance to cooperatives set up healthcare infrastructure and provide services.
- Government of India schemes such as the Formation and Promotion of 10,000 Farmers Producer Organizations (FPO) provide for registration and support of new cooperatives as FPOs. NCDC is one of the implementing agencies promoting such FPOs.
- The Formation and Promotion of Fish Farmers Producer Organizations (FFPO) under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) provides for registration and support of new cooperatives as FFPOs, NCDC being an implementing agency for promoting such FFPOs.
4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC
As on 30th June 2021, 4,540 companies were admitted into Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016 (IBC)
- Giving details on the resolution status, the Minister stated that 394 companies were resolved till 30th June 2021 wherein financial creditors (FCs) including financial institutions, had total claims amounting to Rs 6.80 lakh crore, out of which Rs 2.45 lakh crore have been realised, which is 36% of their claims.
Deep Ocean Mission to be implemented by Ministry of Earth Sciences at a total budget of Rs. 4077 Cr for 5 years during the period 2021-2026
- Government has approved Deep Ocean Mission (DOM) to be implemented by Ministry of Earth Sciences at a total budget of Rs. 4077 Cr for 5 years during the period 2021-2026
- Ministry of Earth Sciences through contractual agreements with the International Seabed Authority (ISA), is carrying out exploration activities for Poly-metallic Nodules (PMN) in the Central Indian Ocean Basin and for Poly-metallic Sulphides (PMS) in parts of Central and South-West Indian ridges.
256 Central Public Sector Enterprises (CPSEs) operational with total annual turnover of Rs 24, 61,712 crore as on 31.03.2020
- As per information available with Department of Public Enterprises (DPE), there are 256 operational Central Public Sector Enterprises (CPSEs) as on 31.03.2020 with a total annual turnover of Rs 24, 61,712 crore.
- Out of these, 171 CPSEs are profit making with a profit of Rs 1,38,112 crore, the Minister stated.
Ratna Status to CPSEs
The criteria laid down by the Government for grant of Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs) is given below:
The CPSEs meeting the following criteria are eligible to be considered for grant of Maharatna status.
- Having Navratna status
- Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
- An average annual turnover of more than Rs. 25,000 crore during the last 3 years
- An average annual net worth of more than Rs. 15,000 crore during the last 3 years
- An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years
- Should have significant global presence/international operations.
Presently, there are 7 Maharatna, 16 Navratna and 71 Miniratna CPSEs.
More than 1.17 lakh loans of Rs. 26,391 crore sanctioned to SC/ST and woman borrowers under Stand Up India Scheme (SUPI)
- As on 31.07.2021, more than 1.17 lakh loans amounting to more than Rs. 26,391 crore have been sanctioned to SC/ST and woman borrowers under the Stand Up India Scheme (SUPI), which has created an employment for more than 6 lakh people
Stand-Up India Scheme for financing SC/ST and/or Women Entrepreneurs.
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 Lakh to 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services, agri-allied activities or the trading sector In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
Eligibility:
- SC/ST and/or woman entrepreneurs, above 18 years of age.
- Loans under the scheme is available for only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing, services, agri-allied activities or the trading sector.
- In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.
- Borrower should not be in default to any bank/financial institution.
Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL) as decided by the banks.
The loan is repayable in 7 years with a maximum moratorium period of 18 months.
Finance Minister in her Budget Speech for F.Y. 2021-22, the margin money requirement for loans under the Scheme has been reduced from ‘upto 25%’ to ‘upto 15%’ and activities allied to agriculture have also been included in the Scheme.
Nearly 72% of financial transactions of Public Sector Banks (PSBs) done through digital channels
Nearly 72% of financial transactions of Public Sector Banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crore in FY2019-20 to 7.6 crore in FY2020-21.
Under the Public Sector Banks (PSB) EASE Reforms Agenda,—
- Enhanced access to mobile banking and Internet banking has been enabled through an increase in the PSB average for the number of services offered (43), customer-friendly features (135) and regional languages available on the customer interface (8);
- End-to-end automated digital lending has been introduced in larger PSBs for unsecured personal loans (in five PSBs), loans to micro-enterprises (“Shishu Mudra”, in five PSBs) and renewals of loans to micro, small and medium enterprises (in three PSBs);
- Digital retail loan request initiation through digital channels has been enabled in all the seven large PSBs, with retail disbursements from loan requests so initiated in the financial year (FY) 2020-21 amounting to Rs. 40,819 crore;
- Customer-need-driven, analytics-based credit offers have been given an impetus, resulting in Rs. 49,777 crore of fresh retail loan disbursements by the seven larger PSBs in FY2020-21.
Government’s Jeevan Pramaan initiative for pensioners has enabled pensioners the facility to update their annual life certificate online.
Initiation of digital lending has been made contactless through PSBloansin59minutes.com, using triangulation of credit bureau, income-tax and goods and services tax (GST) data, to provide online in principle approval for loans to Micro, Small and Medium Enterprises (MSMEs), home loans, personal loans and automobile loans.
Online bill discounting for MSMEs has been enabled on a competitive basis through onboarding of PSBs onto the Trade Receivables Discounting System (TReDS) platform.
Promotion of Animal Husbandry and Fisheries Sector
In order to supplement the efforts of the States/UTs for development and promotion of animal husbandry and dairy sectors, the Government is implementing various animal husbandry and dairying schemes to enhance production and productivity of bovines & small ruminants (sheep & goat), piggery & poultry for increasing the income of livestock farmers across the country namely:
- Rashtriya Gokul Mission (RGM)
- National Programme for Dairy Development (NPDD)
- Dairy Processing and Infrastructure Development Fund(DIDF)
- Supporting Dairy Cooperatives and Farmer Producer Organizations engaged in dairy activities (SDC&FPO)
- National Livestock Mission(NLM)
- Animal Husbandry Infrastructure Development Fund (AHIDF)
- Livestock Health & Disease Control(LH&DC)
- National Animal Disease Control Programme (NADCP)
In order to further boost growth in animal husbandry and dairy sector, the Government has revised and realigned some of the components of the existing schemes to be implemented in the next 5 years starting from 2021-22.
Livestock Sector in our country has been growing at a Compound Annual Growth Rate (CAGR) of 8.15% (at constant prices) from 2014-15 to 2019-20.
Milk production, Egg Production and Meat Production in the country are growing at compound annual growth rate of 6.28%, 7.82% and 5.15% respectively from 2014-15 to 2019-20.
As per National Account Statistics 2021, the value of output of milk in 2019-20 is Rs 8.39 lakh crore (at current prices) surpassing total value of output from cereals.
Provision of Loan to Dairy and Animal Husbandry Sector
The Government provides loans with interest subvention through the following schemes for promotion and development of dairy and animal husbandry sector across the country:
- Animal Husbandry Infrastructure Development Fund(AHIDF)
- Dairy Processing and Infrastructure Development Fund(DIDF)
- Supporting Dairy Cooperatives and Farmer Producer Organizations engaged in dairy activities (SDC&FPO)
Under AHIDF, the Government provides 3% interest subvention to Farmer Producer Organization, Private companies, individual entrepreneurs, section 8 companies, Micro, Small and Medium Enterprises through the Bank upfront in the first year and subsequently on demand by the bank for each of the beneficiaries on each year on the outstanding amount.
Under DIDF, loan assistance with interest subvention @ 2.5% per annum is provided through NABARD, NDDB and NCDC to the Eligible End Borrows (EEBs).
- The Eligible End Borrower (EEBs) under DIDF are Co-operative Milk Unions, State Co-operative Milk Federations, Multi-state Milk Co-operatives, Milk Producer companies, NDDB Subsidiaries, FPO/SHGs registered under cooperatives/companies act
Under SDC&FPO, loan towards working capital to dairy Cooperatives/FPOs is provided at simple annual interest rate of 5%, calculated on a monthly basis.
- Further, due to Economic Impact of Covid-19 on Dairy Sector, the Government has introduced a new activity “interest subvention on Working capital loans for Dairy sector” as a component under this scheme.
- This component is implemented by DAHD through NDDB. 2% interest subvention on secured working capital loan is provided including additional 2% interest subvention for prompt and timely repayment.
In order to ensure increased credit flow in the form of Kisan Credit Card(KCC) to animal husbandry, dairy & fisheries farmers as announced in Hon’ble Finance Minister’s Budget Speech 2021-22, a target of Rs 61,650 crore for animal husbandry, dairy and fisheries is fixed within the overall term loan target of Rs 6,85,000 crore for agriculture.
National Dairy Plan : National Dairy Plan Phase I (NDP-I) a Central Sector Scheme (CSS) with an outlay of Rs. 2242 Crore was implemented during March 2012 to Nov 2019 across 18 major dairying states including Gujarat
Brackishwater Aquaculture
Central Institute of Brackishwater Aquaculture (CIBA), Chennai under Indian Council of Agricultural Research (ICAR) has developed breeding and seed production technology of Grey Mullet (Madavai) under controlled conditions. Grey Mullet is a high-valued brackishwater fish and unavailability of sufficient seed was a hindrance for its culture.
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying is implementing a flagship scheme namely “Pradhan Mantri Matsya Sampada Yojana (PMMSY) - to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India” with highest ever investment of Rs. 20,050 crore for a period of 5 years from financial year 2020-21 to 2024-25 in all States/Union Territories as a part of Aatma Nirbhar Bharat Package and welfare of fishers, fish farmers and fish workers at the core of this scheme.
Operation Greens Scheme
Ministry of Food Processing Industries launched Operation Greens scheme in November, 2018 for integrated development of Tomato, Onion and Potato (TOP) value chain with the objectives to enhance value realization of TOP farmers; reduction in post-harvest losses; price stabilization for producer and consumers and increase in food processing capacities and value addition etc.
- The scheme provides for short term intervention by way of providing transportation and storage subsidy @ 50% and long term intervention through value addition projects in identified production clusters with Grant-in-aid @ 35% to 70% of eligible project cost subject to maximum of Rs. 50 crore per project.
The scheme aims to promote Farmer Producers Organizations (FPOs #), agri-logistics, processing facilities and value addition etc. in identified production clusters and accordingly 6 projects worth project cost of ₹363.30 Crore, with grant-in-aid of ₹136.82 Cr, targeting 31 FPOs in 6 production clusters are approved so far one each for tomato, onion and potato in Gujarat (3), two for onion in Maharashtra (2) and one for tomato in Andhra Pradesh.
As per budget Announcement 2021-22, expanded operation greens scheme covers 22 perishables including shrimp.
FPI Schemes for Rural Areas
The Ministry of Food Processing industries (MoFPI) has been implementing Central Sector Umbrella Scheme - Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) since 2016-17 for overall growth and development of food processing sector, including processing of agro- products and thus increasing the income of the farmers.
The component schemes of PMKSY are -
- Mega Food Park
- Integrated Cold Chain and Value Addition Infrastructure
- Creation /Expansion of Food Processing & Preservation Capacities
- Infrastructure for Agro-Processing Clusters
- Creation of Backward & Forward linkages
- Food Safety and Quality Assurance Infrastructure
- Human Resource and Institutions
- Operation Greens
PMKSY is not region or state specific but demand driven and is implemented across the country including the rural areas
So far, Ministry has approved 41 Mega food Parks, 353 Cold Chain projects, 63 Agro Processing Clusters, 292 Food Processing Units, 63 Creation of Backward & Forward Linkages Projects & 6 Operation Green projects across the country under corresponding component schemes of PMKSY.
Also, as part of the Aatmanirbhar Bharat Initiative, MoFPI is implementing a Centrally Sponsored Scheme-PM Formalization of Micro Food Processing Enterprises Scheme (PMFME) for providing financial, technical and business support for setting up/upgradation of 2 lakh micro food processing enterprises through credit linked subsidy during five years from 2020-21 to 2024-25 with an outlay of Rs.10,000 crore.
PM Atmanirbhar Swasth Bharat Yojana
- In the Budget speech of FY 21-22, ‘Prime Minister Atmanirbhar Swasth Bharat Yojana’ (PMASBY) scheme has been announced on 1st February, 2021, for an outlay of about Rs.64,180 Cr over six years (till FY 25-26). This will be in addition to the National Health Mission.
The main interventions envisaged under the scheme, to be achieved by FY 2025-26, are:
- Support for 17,788 rural Health and Wellness Centers in in 10 High Focus States
- Establishing 11,024 urban Health and Wellness Centers in all the States.
- Setting up of Integrated Public Health Labs in all districts and 3382 Block Public Health Units in 11 High Focus states;
- Establishing Critical Care Hospital Blocks in 602 districts and 12 Central Institutions;
- Strengthening of the National Centre for Disease Control (NCDC), its 5 regional branches and 20 metropolitan health surveillance units;
- Expansion of the Integrated Health Information Portal to all States/UTs to connect all public health labs;
Transportation of Milk through “Doodh Duronto” special trains from Renigunta of Andhra Pradesh to the National Capital has crossed ten crore liters mark. Right from the date of introduction on 26th March, 2020, these special trains were operated by South Central Railway
Source : Multiple PIB Articles
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