▪︎GOVERNMENT SCHEME - 3


■ EMERGENCY CREDIT LINE GUARANTEE SCHEME EXTENDED.

Government extended the scope of Emergency Credit Line Guarantee Scheme through introduction of ECLGS 3.0.

□ ABOUT SCHEME :-

100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and MUDRA borrowers.

□ OBJECTIVES :-

◇ Aims at mitigating the economic distress faced by MSMEs by providing them additional funding in the form of a fully guaranteed emergency credit line (GECL).

◇ To provide incentive to Member Lending Institutions (MLIs) to increase and enable the availability of additional funding facility to MSME borrowers.

◇ Will Provide a 100 per cent guarantee for any losses suffered by them.

□ ABOUT ECLGS 3.0

◇ It involve extension of credit of upto 40% of total credit outstanding across all lending institutions.

◇ The tenor of loans granted shall be 6 years including moratorium period of 2 years.

◇ Revised operational guidelines in this regard shall be issued by National Credit Guarantee Trustee Company Ltd (NCGTC).

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LIBOR - London Inter-Bank Offered Rate

LTROs - Long Term Repo Operations

LTV - Loan-to-Value

■ #AYUSHMAN #SAHAKAR #SCHEME.

The Agriculture Ministry has rolled out the Ayushman Sahakar Scheme to assist cooperatives in the creation of healthcare infrastructure in the country.

□ ABOUT :-

◇ The scheme is formulated by the National Cooperative Development Corporation (NCDC), the apex autonomous development finance institution under the Ministry of Agriculture and Farmers Welfare.

◇ The scheme would give a boost to the provision of healthcare services by cooperatives.

◇ It specifically covers establishment, modernization, expansion, repairs, renovation of hospital and healthcare and education infrastructure.

□ NEED OF SUCH SCHEME.

◇ Huge need for medical and nursing education in rural areas. But the problem is a lack of infrastructure.

◇ Co-ops find it difficult to access credit for such projects as banks may not give them loans.

□ FUNDING :-

◇ NCDC would extend term loans to prospective cooperatives to the tune of Rs 10000 Crore in the coming year.

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#FIVE #STAR #VILLAGE #SCHEME:

The Department of Posts has launched a scheme called Five Star Villages, to ensure universal coverage of flagship postal schemes in rural areas of the country.

✏️ The scheme seeks to bridge the gaps in public awareness and reach of postal products and services, especially in interior villages.

The scheme includes:

✏️ Savings Bank accounts, Recurrent Deposit Accounts, NSC / KVP certificates,

✏️ Sukanya Samridhi Accounts/ PPF Accounts,

✏️ Funded Post Office Savings Account linked India Post Payments Bank Accounts,

✏️ Postal Life Insurance Policy/Rural Postal Life Insurance Policy and

✏️ Pradhan Mantri Suraksha Bima Yojana Account / Pradhan Mantri Jeevan Jyoti Bima Yojana Account.

ITS IMPLEMENTATION :

✏️ The scheme will be implemented by a team of five Gramin Dak Sevaks who will be assigned a village for the marketing of all products, savings and insurance schemes of the Department of Posts.

▪︎GOVERNMENT SCHEME

■ SAHAKAR MITRA SCHEME



The Union Ministry for Agriculture has launched Sahakar Mitra: Scheme on Internship Programme (SIP).

□ ABOUT :-

◇ An initiative by the National Cooperative Development Corporation (NCDC), the cooperative sector development finance organization.

◇ Aims to help cooperative institutions access innovative ideas of young professionals while the interns will gain experience of working in the field to be self-reliant.

◇ Scheme is expected to assist cooperative institutions to access new and innovative ideas of young professionals.

◇ Professional graduates in disciplines such as Agriculture and allied areas, IT etc. will be eligible for an internship.

◇ Professionals who pursuing or have completed their MBA degrees in Agri-business, Cooperation, Finance, International Trade, Forestry, Rural Development, Project Management etc. will also be eligible.

◇ Each intern will get financial support over a 4 months internship period.

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