Background and Purpose Quick Facts Objectives of PMJDY Salient Features (i) Banking Access Made Simple (ii) RuPay Card Benefits (iii) Overdraft Facility (iv) Inoperative Accounts Technology Support – Jan Dhan Darshak App This made financial access more visible and user-friendly. Linkages with Other Schemes PMJDY accounts act as a foundation for availing other schemes: The…
PM Internship Scheme Purpose To provide one crore young Indians with valuable internship opportunities over five years in India’s top 500 companies. Key Features Eligibility 👉 The scheme is about career growth + skilling youth + bridging education-employment gap. MCA21 Project Purpose A flagship e-Governance Mission Mode Project under the National e-Governance Plan. Aim To…
Startup India Seed Fund Scheme (SISFS), 2021 Purpose This scheme supports very early-stage startups by giving them money for activities like proof of concept, prototype development, product trials, market entry, and commercialization. Features Preferred Sectors Social impact, waste management, water management, financial inclusion, etc. Benefits Helps startups attract angel investors, venture capitalists, or loans. One…
Background & Rationale The North-Eastern Region (NER) of India has always been strategically important but economically lagging compared to other parts of the country. Industrialization has been weak due to lack of infrastructure, investment hesitancy, and geographical challenges. To address this, the government introduced UNNATI, 2024 i.e. Uttar Poorva Transformative Industrialization Scheme. The scheme focuses…
Background & Context India has immense youth potential, but for long, innovation and entrepreneurship were held back due to complicated regulations, lack of funding, and risk of failure. To change this environment, the government launched the Startup India initiative—a Central Sector Scheme. Its core idea is simple: create an ecosystem where young entrepreneurs can take…
Background & Rationale When India imports a lot of electronic goods like air conditioners and LED lights, it increases our dependence on foreign countries. To correct this imbalance and promote Atmanirbhar Bharat (self-reliance), the government launched a Production Linked Incentive (PLI) Scheme. The idea is: if companies manufacture such goods in India and achieve higher…
ATUFS – Amended Technology Upgradation Fund Scheme Essence: Push modern, efficient machinery into the textile value chain by giving a one-time, credit-linked capital subsidy (i.e., subsidy tied to eligible machinery investment financed via banks). Type: Central Sector Scheme. Aims (think 5 keywords): Ease of Doing Business, Make in India, Zero Defect–Zero Effect, exports, import substitution—with…
Background India’s textile sector is not just about large mills — it also includes millions of people engaged in handlooms, handicrafts, sericulture, and jute. These traditional sectors are labour-intensive and form the backbone of rural livelihoods. But the challenge is: workers often lack modern skills, leading to low productivity, poor wages, and limited competitiveness. To…
(Pradhan Mantri Mega Integrated Textile Region and Apparel) Background India’s textile sector is one of the oldest industries and a major source of employment. However, most units are fragmented and small, which increases logistic costs and reduces competitiveness in the global market. To overcome this, the Government of India launched the PM MITRA Parks scheme…
Background India has always been famous for cotton and natural fibres, but in the modern textile industry, MMF (Man-Made Fibres) and Technical Textiles are increasingly dominating global demand. To ensure that India does not remain behind in this changing trend, the Government launched the PLI Scheme for Textiles in 2021, covering a 10-year period (till…
