Pradhan Mantri Mudra Yojana

 Micro Units Development Refinance Agency (MUDRA) Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016. 

 The primary purpose of PM Narendra Modi’s Pradhan Mantri MUDRA Yojana will be providing refinance for lending to micro businesses/units (medium and small entrepreneurs).

Under the scheme, Pradhan Mantri Mudra Yojana three categories of interventions has been named which includes

1. Shishu :- Loan upto ₹50000 (US$750)
2. Kishore :- Loan ranging from ₹50000 (US$750) to ₹5 lakh (US$7,500)
3. Tarun :- Loan above ₹5 lakh (US$7,500) and below ₹10 lakh (US$15,000)

Businesses/entrepreneurs/units covered would include proprietorship/partnership firms running as small manufacturing units, shopkeepers, fruits/vegetable sellers, hair cutting saloon, beauty parlours, transporters, truck operators, hawkers, co-operatives or body of individuals, food service units, repair shops, machine operators, small industries, artisans, food processors, self help groups, professionals and service providers etc. in rural and urban areas with financing requirements up to Rs 10 lakh.

The products initially being launched are as under:

Sector/activity specific schemes, such as schemes for business activities in Land Transport, Community, Social & Personal Services, Food Product and Textile Product sectors. Schemes would similarly be added for other sectors / activities.
1. Micro Credit Scheme (MCS)
2. Refinance Scheme for Regional Rural Banks (RRBs) / Scheduled Co-operative Banks
3. Mahila Uddyami Scheme
4. Business Loan for Traders & Shopkeepers
5. Missing Middle Credit Scheme – Equipment Finance for Micro Units

MUDRA Bank will have a corpus of Rs 20,000 crore, and credit guarantee corpus of Rs 3,000 crore.

Ref:

1. https://en.wikipedia.org/wiki/Pradhan_Mantri_Mudra_Yojana
2. http://www.financialexpress.com/article/industry/banking-finance/pradhan-mantri-mudra-yojana-3-offerings-and-5-products-launched-by-narendra-modi/144770/
3. http://profit.ndtv.com/news/budget/article-prime-minister-to-launch-rs-20-000-cr-mudra-bank-on-april-8-749642

Banking cost_₹ 20'000 Cr Finance

National Optical Fibre Network

The government has laid optic fibre cable (OFC) in 23,604 gram panchayats till July 2015 to provide high speed broadband connectivity under the BharatNet project.

The target was to roll out the network across 50,000 village panchayats by March 31, 2015. As part of the project, all the 2.5 lakh panchayats will be connected by the end of 2016.

A Department of Telecom official said after the current government took over last year, the pace of work has increased over 30 times.

"When this government took over last year, 250 km of OFC was laid which has been increased to 54,352 km. As of July 2015, OFC laying in 23,604 gram panchayats has been completed," the official said.

The national optical fibre network (NOFN) project was conceived in 2011 and deadline to connect all panchayats was fixed by the end of 2013 which was then deferred to September 2015 by the UPA government.

Communication cost_₹ 20'000 Cr Internet

Namami Gange - Clean Ganga - Project

National Ganga River Basin Authority (NGRBA) has started the Mission Clean Ganga with a changed and comprehensive approach to champion the challenges posed to Ganga through four different sectors, namely, of wastewater management, solid waste management, industrial pollution and river front development.

The programme would be implemented by the National Mission for Clean Ganga (NMCG), and its state counterpart organisations, that is, the State Programme Management Groups (SPMGs). Marking a major shift in implementation, the government is focusing on involving people living on the banks of the river to attain sustainable results.

In order to improve implementation, a three-tier mechanism has been proposed for monitoring projects, comprising a high-level task force chaired by the Cabinet Secretary and assisted by NMCG at the national level, state-level committees chaired by Chief Secretary and assisted by SPMG and district-level committees chaired by the District Magistrate.

Namami Gange will focus on pollution abatement interventions, namely interception and diversion and treatment of waste water flowing through open drains via bio-remediation/ appropriate in-situ treatment/use of innovative technologies/sewage treatment plants (STPs)/effluent treatment plant (ETPs). It also aims at rehabilitation and augmentation of existing STPs and immediate short-term measures for arresting pollution at exit points on river front to prevent inflow of sewage.

A complete work package including river surface cleaning, ghat cleaning and drain-river confluence for ten priority locations is being prepared by the National Mission for Clean Ganga (NMCG). River surface cleaning boats, trash skimmer machines and trash booms will be pushed into service at all ten cities on river banks to arrest floating material and tackle river surface pollution.

ISRO-backed India specific GIS tool will ensure real-time and public monitoring of river surface pollution on ground situations. The government will invite global tenders  for river surface cleaning at ten chosen cities — Haridwar, Varanasi, Allahabad, Kanpur, Mathura & Vrindavan, Garhmukteshwar, Patna, Kolkata, Sahibgunj and Nabadwip.

( photo by Livia Comandini  )

The Mata Amritanandanmayi Math, founded by spiritual leader and humanitarian Mata Amritanandamayi Devi, donated Rs. 100 crore towards the Prime Minister’s ‘Namami Gange’ Project.



Ref:

1. https://nmcg.nic.in/ngrbaread.aspx
2. http://www.cleangangafund.com/
3. http://www.thehindu.com/news/national/rs-20000crore-budget-for-namami-gange-scheme/article7201467.ece
4. http://articles.economictimes.indiatimes.com/2015-05-25/news/62624797_1_ganga-rejuvenation-clean-ganga-namami-gange

Clean Ganga cost_₹ 20'000 Cr River Waste Management