Punjab & Sind Bank launches e-Bank Guarantee facility
Current Context: On November 3, 2024, Punjab & Sind Bank (PSB) launched an e-Bank Guarantee (e-BG) facility in partnership with National e-Governance Services Ltd (NeSL).
Details
- This new system replaces traditional paper-based bank guarantees with e-stamping and e-signatures, enhancing security, transparency, and efficiency.
- The initiative aims to reduce fraud, save time, and improve the ease of business for applicants and beneficiaries.
- Swarup Kumar Saha, MD & CEO of Punjab & Sind Bank, expressed delight in joining hands with NeSL for this facility, highlighting its potential to curb frauds and reduce turnaround time.
Namo Drone Didi Scheme for Women SHGs Launched
Current Context: The Namo Drone Didi Scheme was launched on November 2, 2024, under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
About
- The scheme aims to empower Women Self-Help Groups (SHGs) by providing 14,500 drones for agricultural services, such as spraying liquid fertilizers and pesticides.
- The government provides 80% financial assistance for drone procurement, with the remaining funds available through loans.
- The scheme includes comprehensive training for SHG members and aims to create sustainable livelihood opportunities.
- Key points of the scheme:
- Financial outlay: the scheme has an allocated budget of rs.1261 crore.
- Target group: women self help groups (shgs).
- Components: the guidelines detail the governance structure, financial assistance, training programs, and implementation framework.
- Implementation: the scheme will be rolled out in phases, with specific timelines and milestones for different activities.
- The initiative aims to boost agricultural productivity through technology and empower women in rural areas by providing them with the tools and training needed to operate drones effectively.
New framework to curb excessive speculation in stock market has been announced by SEBI
Current Context: On November 6, 2024, the Government of India and the Asian Development Bank (ADB) signed a $200 million loan agreement to improve urban infrastructure in Uttarakhand.
Key Points
- This project, known as the Uttarakhand Livability Improvement Project, focuses on upgrading water supply, sanitation, urban mobility, and other essential urban services.
- The initiative aims to enhance the quality of life for residents and increase resilience against climate and environmental risks.
- This includes modernizing infrastructure to ensure better service delivery and sustainability in urban areas of Uttarakhand.
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