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Over Rs 25,000 crore sanctioned to 1.14 lakh people under Stand-Up India Scheme in 5 years: Centre


Government of India said more than Rs 25,586 crore was sanctioned to over 1,14,322 people in the past five years. There is a large group of potential entrepreneurs particularly women and Scheduled Caste (SC), Scheduled Tribes (ST) who want to set up an enterprise of their own, which allows them to grow and thrive. Such entrepreneurs are spread across country and are bubbling with ideas on what they can do for themselves and their families.


Aspiring SC, ST and women entrepreneurs are energetic and enthusiastic but may face challenges in converting their dream to reality. Recognising these challenges, Stand up India Scheme was launched on 5th April 2016 to promote entrepreneurship at grass root level focusing on economic empowerment and job creation. This scheme has been extended up to the year 2025.

The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers.


The purpose of Stand-Up India is to:

? Promote entrepreneurship amongst women, SC & ST category.


? Provide loans for starting greenfield enterprises in trading, manufacturing and services sector by both ready and trainee borrowers.

? Provide loans for setting up greenfield enterprises in manufacturing, services or the trading sector and activities allied to agriculture by both ready and trainee borrowers

? Facilitate bank loans between Rs 10 lakh to rupees one crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.


Why Stand-Up India?

The Stand-Up India scheme is based on recognition of the challenges faced by SC, ST and women entrepreneurs in setting up enterprises, obtaining loans and other support needed from time to time for succeeding in business.

The scheme therefore endeavours to create an eco-system, which facilitates and continues to provide a supportive environment for doing business. The scheme seeks to give access to loans from bank branches to borrowers to help them set up their own enterprise.

The scheme, which covers all branches of Scheduled Commercial Banks, will be accessed in three potential ways:


? Directly at the branch or,

? Through Stand-Up India Portal (www.standupmitra.in) or,

? Through the Lead District Manager (LDM).

Who all are eligible for a loan?
? SC/ST and/or women entrepreneurs, above 18 years of age.

? Loans under the scheme are available for only green field projects. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing, services or the trading sector and activities allied to agriculture

? In case of non-individual enterprises, either SC/ST and/or Women Entrepreneur should hold 51% of the shareholding and controlling stake.

? Borrowers should not be in default to any bank/financial institution.

Achievements of this Scheme as on 23.03.2021

? Rs. 25,586 crore has been sanctioned under Stand Up India Scheme to over 1,14,322 accounts up to 23.03.2021 since inception of the Scheme.

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Governance

Maharashtra Cyber Department to launch “Digital Literacy Campaign” in association with Meta

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Nation Next Newsroom | Mumbai


 

Maharashtra Cyber Department and Meta Platforms comprising Facebook, WhatsApp, and Instagram have collaborated to launch the ‘Digital Literacy and Awareness Program’ on 28th March 2022. The launch event will be held from 12 PM to 1:30 PM at Yashwantrao Chavhan Auditorium situated at Nariman Point in Mumbai.

The program is about digital safety best practices for children, adolescents, parents, guardians, and teachers in Maharashtra. The program will include digital literacy awareness sessions, training resources, knowledge repository including child and adult safety self-help material, safety videos, resources, and help guide, with the aim:
To spread awareness about Cyber Bullying, Sextortion, Darknet Services, Social Engineering, Trolling, Identity Theft.
To equip adolescents with tools and knowledge to tackle online threats.
To promote safe online behavior.

In a world where every day is a technological miracle, cybercrime has emerged as an organized, well-funded enterprise due to which the safety of children on the internet has become a global issue discussed at various strategic forums like the United Nations. India as a country needs to do more about the issue and showcase greater cooperation to international bodies working on this initiative.

In this background, it is exceptionally critical for school students to be aware of the threats on the internet like Cyberbullying, Cyber sextortion, trolling online financial frauds, child pornography, darknet crimes, hacking, identity theft, breach of privacy, etc. to make them Cyber responsible with good Cyber hygiene behavior.

Towards this endeavor, Maharashtra Cyber has partnered with Meta Platforms and the India Future Foundation, a training and advocacy organization, to deliver a Digital Literacy and Awareness Program to school/college students for the state of Maharashtra. It will also ensure that is students are saved from traumas and devastating effects of cybercrime such as bullying, sextortion etc.

Maharashtra Cyber is the state nodal agency for Cyber Crime and Cyber Security for Maharashtra constantly engaged in spreading awareness campaigns against cyber-crime. The agency is involved in building cybercrime investigation labs cyber police stations and creating all the necessary awareness about cybercrime amongst the police fraternity and the citizens in Maharashtra.

Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Actress Ameesha Patel, who was herself victim of cybercrime and was helped by Maharashtra cyber, would also grace the occasion as a special guest of honour and recount her experience. Similarly, actress Aishwarya Raj Bhakuni, who has earned fame in Hindi television and Telugu film industry, would also be present as special guest of honour to recount her cyber experiences. Yashasvi Yadav, Special Inspector General of Police, Maharashtra Cyber, will be prominently present during the occasion.

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Governance

Putin warns other nations of ‘interference’ after declaring war on Ukraine; international oil prices hit $100-mark

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Radhika Dhawad | New Delhi

Vladmir Putin

Vladmir Putin

Russian President Vladimir Putin who announced a military operation in Ukraine and called on the latter’s military to ‘lay down its arms’ on Thursday, warned other countries that any attempt to interfere with the Russian action would lead to ‘consequences they have never seen.’ 

Large explosions were witnessed in Ukraine’s Kyiv and Kharkiv regions. “I have made the decision of a military operation,” said Putin in a surprise television announcement shortly before 6:00am (0300 GMT) in Moscow.


Soon after Putin’s announcement,  the global benchmark Brent crude oil futures hit $100-per-barrel mark and oil prices rocketed to the $100 a barrel mark for the first time since 2014.

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Governance

CREDAI applauds Gadkaris recommendation to shift Petrochemical Refinery Project from Ratnagiri to Vidarbha

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Nation Next Newsroom | Nagpur

Union Minister Nitin Gadkari

Union Minister Nitin Gadkari

CREDAI Nagpur Metro has applauded the step taken by Union Minister Nitin Gadkari for writing a letter to Petroleum Minister Hardeep Singh Puri for shifting Ratnagiri Petrochemical Refinery Project to Vidarbha.

CREDAI Nagpur Metro, through a press release stated that many industries will be benefitted from this project. Refinery Petrochemical Complex with many small and large ancillary units may generate 5 lakh direct indirect jobs helping per capita income to grow manifold. With the huge investment of more than 4 lakh crore, massive opportunities will emerge for different sectors. Real estate sector will also get a boost and may attract Foreign Direct Investment (FDI) also.

The project will not only generate many jobs in Vidarbha but also attract various industries and investments. The organisation stated that this project is a need of hour in Vidarbha to create opportunities for employment and growth of the region. The region will get not give a boost to fuel and LPG companies but also many industries like textiles, soap and detergents, paints, cement, steel etc., which use the petrochemical products.

These ancillary industries will attract jobs for the local people and also from other cities people will turn up. The apex body of builders and developers of Nagpur region welcomed the efforts taken by Vidarbha Economic Development (VED) Council for the project.

The mega refinery project of 60 MMTPA will not only meet future oil demand growth but also boost export of petro-products. This will boost the demand for residential as well as commercial spaces. Steel, cement and all needed building materials available nearby will further help the sector. FlyAsh consumption will increase manifold due to huge consumption of bricks, RMC and project related work.

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