MOU/ pact between
|
Purpose of the MOU/ Pact
|
|---|---|
Punjab National bank
And EEPC
|
To Provide loans to small and
Medium enterprises
|
India and Asian Development
Bank
|
To provide loans for coastal
|
India and Srilanka
|
To construct houses in Hambantota of Sri Lanka
|
State of Karnataka and
Micro Soft
|
To use Artificial intelligence
in agriculture
|
India and Vietnam
|
For the Purpose of investment
promotion
|
Pact Between EEPC and Punjab National Bank
- The Engineering Export Promotion Council (EEPC) of India has signed a memorandum of understanding with Punjab National Bank.
- The pact is to provide easy access to finance for Small and Medium enterprises and merchant exporters of the council.
- As per pact Punjab National Bank will provide finance with assurance that loans up to Rs. 10 crore would be provided within six to seven weeks at competitive rates
- Besides, engineering exporters would be given a ‘Gold card’ under which additional benefits like quicker sanction and disbursal of loan will be extended.
ADB loan to Support Coastal Protection in Karnataka
- India and Asian Development Bank signed 65.5 million dollars of loan agreement in Delhi.
- The amount of loan is used to check coastal erosion on the Western Coast in Karnataka. It also used to address coastal problems of the state of Karnataka.
- Public Works department of Karnataka is responsible for the implementation.
MOU between India and Sri Lanka for Housing Project in Hambantota
- India signed an MOU with Sri Lanka to develop 1,200 houses in Srilanka Southern port city of Hambantota.
- Out of 1200 houses, 600 houses developed in Hambantota remaining 600 will be developed across Sri Lanka
MoU between Karnataka and Micro Soft
- To use Artificial intelligence Karnataka state government signed a memorandum of understanding with Microsoft.
- As per MOU, the artificial technology is used for Agriculture by Karnataka to get higer crop yields in the state.
- This will help Karnataka farmers to increase their income.
MOU between India and Vietnam
- India and Vietnam signed a memorandum of understanding on Investment Promotion.
- This comes in the 45th anniversary of the establishment of Vietnamese-Indian diplomatic relations in 1972.
- The MOU will create close cooperation between India and Vietnam and boost investment activates
MOU between BSE and Ebix:
- An MOU was signed between Bombay Stock Exchange and Ebix insurance company to launch a joint venture company.
- The main Purpose of MOU is to set up a pioneering insurance distribution network in India
- The new company to be branded as BSE-Ebix
Other Information:
1. Asian Development Bank:- It was established in the year 1966
- Headquarters- Manila
- Presently it has 67 member countries including India
3. The capital of Vietnam- Hanoi
