PIB News 9th Sep, 2020


 

(General Studies- II: Governance, Constitution, Polity, Social Justice and International relations, Government policies and interventions for development in various sectors and issues arising out of their design and implementation.)

Union Home Minister Shri Amit Shah lauded 'PM SVANidhi' scheme being run by Modi government to benefit the street vendors
“Development of India is incumbent upon the development of every citizen and PM Narendra Modi is committed to empowerment of all sections of society”
“PM-SVANidhi scheme, which aims to empower street vendors, is a result of PM Modi’s farsighted vision and his sensitivity towards the welfare of the poor”
 “PM-SVANidhi scheme is serving crores of poor people by reviving their means of livelihood during these difficult times of COVID-19”
“PM SVANidhi is making small businesses Aatma Nirbhar and is playing a key role in realization of a New India”

Union Home Minister Shri Amit Shah lauded the 'PM SVANidhi' scheme being run by Modi Government to benefit the street vendors. The Prime Minister Shri Narendra Modi today held 'Svanidhi Samvaad' with street vendors from Madhya Pradesh. Shri Amit Shah in a series of tweets said, “Development of India is incumbent upon the development of every citizen and PM Narendra Modi is committed to empowerment of all sections of society. PM-SVANidhi scheme, which aims to empower street vendors, is a result of PM Modi’s farsighted vision and his sensitivity towards the welfare of the poor”

Union Home Minister said, “PM-SVANidhi scheme is serving crores of poor people by reviving their means of livelihood during these difficult times of COVID-19”. Conveying his gratitude to the Prime Minister Shri Narendra Modi ji for this important welfare scheme, Shri Amit Shah said, “PM SVANidhi is making small businesses Aatma Nirbhar and is playing a key role in realization of a New India”.

The Government of India had launched PM Svanidhi scheme on 1st June, 2020 to help poor street vendors, impacted by COVID-19, resume livelihood activities. This scheme targets to benefit over 50 lakh Street Vendors. Under the Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year. On timely/ early repayment of the loan, an interest subsidy @ 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on quarterly basis. There will be no penalty on early repayment of loan. The scheme promotes digital transactions through cash back incentives up to an amount of Rs. 100 per month. Moreover, vendors can achieve their ambition of going up on the economic ladder by availing the facility of escalation of the credit limit on timely/early repayment of loan.

 

(General Studies- II: Governance, Constitution, Polity, Social Justice and International relations, Statutory, regulatory and various quasi-judicial bodies.)

Shri Gangwar launched virtual hearing facility in quasi-judicial cases under EPF & MP Act, 1952 through Video conferencing
Amendment approved in Employees’ Deposit Linked Insurance Scheme, to enhance maximum assurance benefit to Rs. 7 lakh from the present benefit of Rs. 6 lakh
Central Board recommends the same rate @ 8.50%, comprising of 8.15% from debt income and balance 0.35% (capital gain) from the sale of ETFs subject to redemption by 31st December, 2020
227th Meeting CBT of EPF held

The 227th Meeting of the Central Board of Trustees (CBT), EPF was held today under the Chairmanship of Shri Santosh Kumar Gangwar, Minister of State for Labour & Employment (I/C), and Vice Chairmanship of Shri Heeralal Samariya, Secretary (L&E), Central Provident Fund Commissioner, Sh. Sunil Barthwal, conducted the meeting as Member Secretary, CBT, EPF through Video Conference mode.

Following were the highlights of the Central Board Meeting:-

1.Shri Gangwar launched virtual hearing facility in quasi-judicial cases under EPF & MP Act, 1952 through Video conferencing by use of secure IT applications compatible with Desktop/Laptop/Mobile Phones. The aim of integration of virtual hearing utilities with EPFO’s e-Court process on Compliance e-Proceedings Portal (https://eproceedings.epfindia.gov.in) is to eliminate physical presence of parties in hearings before Adjudicating Officer leading to ease and convenience for employers & employees to appear in hearings from remote location of their choice. The system entails savings on time, travel and expenditure for parties, ensures compliance to social distancing norms during pandemic and fast tracks assessment of worker’s EPF dues to generate better confidence in the quasi-judicial mechanism. It is a critical development towards the objective of faceless quasi-judicial proceedings in EPFO.

2.The Central Board accorded approval for amendment of paragraph 22(3) of Employees’ Deposit Linked Insurance Scheme, 1976 to enhance the maximum assurance benefit to Rs. 7 lakhs from the present maximum assurance benefit of Rs. 6 lakhs. This amendment will provide additional succor to families and dependents of members of the Scheme in case of their unfortunate death while in service. CBT was also informed that the actuarial valuation of EDLI Fund has allowed for continuation of minimum assurance benefit of Rs 2.5 Lakhs beyond 14.02.2020 and extension of minimum assurance benefit of Rs 2.5 Lakhs to family of those deceased members who were employed in multiple establishments during the 12 months preceding the month in which they died, as approved by CBT EPF in its 226th meeting.

3. In view of exceptional circumstances arising out of Covid-19, the agenda regarding interest rate was reviewed by the Central Board and it recommended the same rate @ 8.50% to the Central Govt. It would comprise of 8.15% from debt income and balance 0.35% (capital gain)from the sale of ETFs subject to their redemption by 31st December, 2020. It further recommended to account such capital gains in the income of the financial year 2019-20 as being an exceptional case.

4.  The Central Board was apprised of the various initiatives taken by EPFO for extending nirbadh seamless service to stakeholders during Covid-19 pandemic. Members of the Board appreciated these initiatives and gave suggestions to further improve service delivery to all stakeholders. The Central Board was also apprised of the relief measures announced by Central Government for establishments and members under Pradhan Mantri Garib Kalyan Yojna (PMGKY) which were successfully implemented by EPFO on digital platform.

5. Recent IT initiatives along with a future roadmap for making EPFO a paperless organization were taken note of by the Central Board. The Board members appreciated the fact that EPFO is using latest trends and technology and availing benefits by use of existing initiatives of other Government Departments as well as by effectively harnessing its in-house capabilities for internal services.

 

(General Studies- II: Governance, Constitution, Polity, Social Justice and International relations, Government policies and interventions for development in various sectors and issues arising out of their design and implementation.)

Atal Innovation Mission Launches Aatmanirbhar Bharat ARISE-ANIC Initiative
ISRO and Four Ministries Roped In

Atal Innovation Mission (AIM), NITI Aayog, today launched one of its most awaited programmes,the Aatmanirbhar Bharat ARISE-Atal New India Challenges, to spur applied research and innovation in Indian MSMEs and startups.

The programme will be driven by Indian Space Research Organization (ISRO), four ministries—Ministry of Defence; Ministry of Food Processing Industries; Ministry of Health and Family Welfare; and Ministry of Housing and Urban Affairs—and associated industriesto facilitate innovative solutions to sectoral problems.

Speaking at the virtual launch of the initiative, Minister of Micro, Small and Medium EnterprisesShri Nitin Gadkari said, “MSMEsare the growth engine of the country and thereare a lot of expectations from them. I am sure this initiative will help identify and promote innovations necessary for boosting this sector.”Recalling Prime Minister Shri Narendra Modi’s vision of focusing on scientific research, he added, “Science should help solve socio-economic problems and scientific research should be extended from the labs to the land.”

Agreeing with the Hon’ble Minister, NITI Aayog Vice ChairmanDr Rajiv Kumar said that the initiative will help promote technopreneurs who deserve to be supported because of their immense potential of taking India forward.“This is a historical day as crucial personalities from the science and technology sector have collaborated with us for boosting the MSME sector,” he said.

The Aatmanirbhar Bharat ARISE–ANIC programme will support deserving applied research–based innovations by providing funding support of up to Rs 50 lakh for speedy development of the proposed technology solution and/or product.

“Other than ISRO, which is a great promoter of technology, Indian departments and big companies never encourage and promote new startups that have done unique work. For ARISE-ANIC’s success, the government must become the first buyer. I am sure AIM will be able to break new grounds with these challenges, which will lead to the creation of new Indian products,” added NITI Aayog CEO Shri Amitabh Kant.

While it is essential to have science and technology advancing products, it is equally important to have an opportunity to procure those products, said Principal Scientific Advisor Prof. VijayRaghavan.“Government policies have changed dramatically over the years to allow this to happen.Now it needs to permeate across state governments’ procurement mechanism and Indian-made products given a chance to go to market. I assure our fullest support to ARISE on the scientific domain,” he added.

Being a crucial part of the ARISE-ANIC initiative, ISRO Chairman Dr K. Sivan said,“ISRO has extensively supported the MSME sector. I am sure that there are a number of startups and MSMEs that require handholding to transform their ideas into viable products and with this initiative, we look forward to achieve this goal.”

AIM Mission Director Shri R. Ramananadded that MSMEsare a vibrant and one of the fastest-growing sectors that will undisputedly play a crucial role in attaining the PM’s vision of an Aatmanirbhar Bharat.

“The fifteen Aatmanirbhar Bharat ARISE challenges are a pioneering initiative to stimulate Make-in-India innovations in the associated MSME startups’ sector and a unique opportunity to make advanced research and development ideas market viable, and field deployable MSME products that can be procured by the government,” he concluded.

Sidelights:

  • ISRO to adopt 100 Atal Tinkering Labs from Atal Innovation Mission
  • Officials stressed on attracting innovators using the Mahatma Gandhi Challenge method
  • Minister of Road Transport and Highways laid emphasis on developing the MSME sector with the help of the ARISE-ANIC initiative under Atal Innovation Mission

 










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