Union Minister for Micro, Small and Medium Enterprises and Road & Transport Shri Nitin Gadkari emphasized on the need of a policy or a model which can help micro/small businesses/works like fisherman, ferry walas, Rickshaw pullers, vegetable vendors, poor, self help groups etc. financially. He was addressing ‘Pan IIT Global E-Conclave on reimagining MSMEs and Livelihoods’ late yesterday through video conference.
He said that most of the population in the country is involved in very small enterprises like fishing, Bee-keeping, Bamboo production etc. and are economically and socially backward and lack sufficient financial support for them. They are hard working, skilled, talented and honest but due to lack of finance they can not do any value addition in their businesses/works. With a little financial, technological and marketing support they can grow their business/work which in turn will definitely boost employment opportunities in Rural, Agricultural and Tribal areas and will also give strength to our GDP.
Shri Gadkari invited suggestions to develop a model to help and finance these socially, economically and educationally backward entrepreneurs. He said that this model should be transparent, corruption free, IT enabled with less procedural hassles and needing least permissions etc. He expressed hope that the model when approved by NITI Ayog, Finance Ministry, can support a lot of enterprises involved in bamboo, honey production, alternative fuels and other areas. Noble Peace Laureate Prof. Muhammad Yunus, founder- Grameen Bank, Bangladesh also shared his vision during the discussion in vedio conference.
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2. PM to launch financing facility under Agriculture Infrastructure Fund and release benefits under PM-KISAN tomorrow
Prime Minister Shri Narendra Modi will launch the financing facility of Rs. 1 lakh crore under the Agriculture Infrastructure Fund on 9th August at 11 AM via video conferencing. Prime Minister will also release the sixth instalment of funds of Rs. 17,000 crore to 8.5 crore farmers under the PM-KISAN scheme. The eventwill be witnessed by lakhs of farmers, cooperatives, and citizens across the country.Union Minister of Agriculture and Farmers’ Welfare, Shri Narendra Singh Tomar, will also be present
3. PM shares a blog post on reforms and policy-making
The Prime Minister, Shri Narendra Modi today shared his blog post on reforms, center-state bhagidari, innovative policy making during Covid times. The post was posted on LinkedIn platform.
In a tweet the Prime Minister said:
"Reforms by Conviction and Incentives...my @LinkedIn post on innovative policy making in the time of COVID-19, powered by the spirit of Centre-State Bhagidari."
6. RBI Monetary Policy Committee keeps Repo rate unchanged at 4%
The Governor of the Reserve Bank of India, Shri Shaktikanta Das has announced that the Policy Repo Rate will remain unchanged at 4% and that the Marginal Standing Facility and Bank Rate will remain at 4.25%.
The Reverse Repo Rate too will remain unchanged at 3.35%. He informed that Monetary Policy Committee was of the view that policy support from all sides is required to gain growth momentum and to nurture recovery after it takes root. “Hence policy rate has been left unchanged and accom
9. Promotion of Agricultural Research
To promote agricultural research and education, and to make the country self- reliant in the agriculture sector, DARE/ICAR has developed a country wide network of 103 Agricultural Research Institutes, 75 Agricultural Universities including 3 Central Agricultural Universities and 11 Agriculture Technology Application Research Institutes ably supported by a network of Krishi Vigyan Kendras (KVKs) at the district level mandated with technology assessment and demonstration for wider application and capacity
10. Van Dhan Vikas Yojana – Promoting and backing tribal entrepreneurship
“We will establish 50,000 ‘Van Dhan Vikas Kendras’ in the tribal areas of the country to ensure the availability of primary processing and value addition for forest produce and to provide employment for tribals and increase tribal income,” Prime Minister , Shri Narendra Modi.
This had been the Prime Minister’s Sankalp as a part of his vision for overall development of the country and to make each section of society self-reliant and empowered.
12. Gadkari inaugurates Koilwar Bridge over Sone river in Bihar worth Rs 266 crore
Union Minister for Road Transport and Highways Shri Nitin Gadkari inaugurated the three lane 1.5 km long Koilwar bridge over Sone river in Bihar through Video Conferencing today. A sum of Rs 266 crore has been spent on the bridge. The existing two lane bridge for both rail and road traffic is 138 years old. A six-lane bridge is being made in its place, of which, a three-lane carriageway has been opened for public. After completion of the other carriageway, the traffic on NH-922 and NH-30 will ease substa
13. MSME Minister Shri Nitin Gadkari Approves a New Scheme to Make India Aatmanirbhar in Agarbatti Production
Union Minister for MSME, Shri Nitin Gadkari has approved a unique employment generation program proposed by Khadi and Village Industries Commission (KVIC) to make India Aatmanirbhar in Agarbatti production. The program named as “Khadi Agarbatti Aatmanirbhar Mission” aims at creating employment for unemployed and migrant workers in different parts of the country while increasing domestic Agarbatti production substantially. The proposal was submitted to the Ministry of MSME for approval last mo
14. Promotion of Tribal Culture, Livelihood and Education
Ministry of Tribal Affairs is administrating the schemes of “Support of Tribal Research Institute” and Tribal Festival, Research, Information and Mass Education” under which various activities like research studies/publication of books/documentation including audio visual documentaries to fill the gap of research studies on tribal issues and Promotion of rich tribal cultural heritage as well as capacity building of tribal persons/institutions associated with tribal affairs, disseminatio
15. Online Performance Dashboard Empowering Tribals, Transforming India developed by M/o Tribal Affairs launched
Shri Amitabh Kant, CEO,NITI Aayog and ShriRamesh Chand,Member NITI Aayog inaugurated the“Online Performance Dashboard “Empowering Tribals, Transforming India”developed by the Ministry of Tribal Affairs (MoTA)on 10th August, 2020. The launch was made during the meeting taken by NITI Aayog to review the progress of CSS / CS Schemes of MoTA in the light of national development agenda, Sustainable Development Goals (SDGs), strategy for New India and other policy initiatives. It may be
16. Gadkari emphasises upon improving MSME footprint in 115 aspirational districts*
Union Minister for Road Transport and Highways Shri Nitin Gadkari today addressed India@75 Summit : Mission 2022 organised by the Confederation of Indian Industries. He said, there is urgent need to look towards improving presence of MSME industry in the 115 identified aspirational districts of the country. Their contribution to GDP is presently negligible, but if focused attention is drawn towards them, these can uplift the employment scene in a big way.
The Minister informed that the governme
20. Solar sector has huge potential to benefit energy extensive sectors – Shri Nitin Gadkari
Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari today held meeting via video conferencing with the members of Maha Solar Sangathan to understand the opportunities in the solar energy sector.
The Minister highlighted the importance of solar energy and said that the sector has a huge potential and can help to reduce the electricity cost significantly. He further mentioned that sectors such as agriculture, warehousing etc. are energy extensive sectors and proper commerc
21. Government is exploring new financial lending institutions to support small-scale units – Shri Nitin Gadkari
Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari today said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support. Shri Gadkari said that government is working towards strengthening the NBFCs which will help small businesses to avail easy credit in the coming time.
He was speaking at a meeting via video conferencing with the Members of Calcutta Chamber of Commerce on impact of COVID-19 on M
23. MSP for MFP Scheme has Successfully Strengthened Tribal Economy; Infusing more than Rs 3000 Crore in the Past Few Months!
One bright spot in this turbulent and challenging year has been therecord procurement of MFPs under the MSP for MFP Schemein 16 states which has now touchedRs. 148.12 crores.This is the highest-ever in terms of the number of MFPs, the total value of procurement and the number of states involved, since the implementation of the scheme. With this, the total procurement for the year (both Government and private trade) crossed more than Rs3000 crores, proving to be a much needed panacea in these distressing
24. PM launches financing facility of Rs. 1 Lakh Crore under Agriculture Infrastructure Fund
Prime Minister Shri Narendra Modi today launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund of Rs. 1 Lakh Crore. The scheme will support farmers, PACS, FPOs, Agri-entrepreneurs, etc. in building community farming assets and post-harvest agriculture infrastructure. These assets will enable farmers to get greater value for their produce as they will
25. Financing for Compressed Bio-Gas plants to be brought under Priority Sector Lending, says Shri Dharmendra Pradhan;
Financing for Compressed Bio-Gas plants to be brought under Priority Sector Lending, says Shri Dharmendra Pradhan;
The Government is in the process of including Compressed Bio-Gas under Priority Sector Lending. Speaking at the online inauguration of the CBG Plant at Namakkal in Tamil Nadu and CBG Fuel Stations at various places in the state today, the Petroleum and Natural Gas & Steel Minister Shri Dharmendra Pradhan said that this will provide ease in the financing of CBG Plan
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