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Jul 5, 2015

[CA] Imp Events of April - June 2015 (Schemes Launched)


Schemes / Projects [April – June 2015]

AMRUT
·        AMRUT: Atal Mission for Rejuvenation and Urban Transformation
·        To develop civic infrastructure in 500 cities and towns (with a population of one lakh and above) with an outlay of 50000 crore rupees over the next five years (2015-16 to 2019-20)
·        Promotion of urban reforms such as e-governance, constitution of professional municipal cadre, credit rating of urban local bodies, energy and water audit and citizen-centric urban planning among others

Smart Cities
·        With an outlay of 48000 crore rupees over the next five years (2015-16 to 2019-20)
·        To build 100 smart cities across the country by promoting smart solutions for efficient use of available assets, resources and infrastructure with the objective of enhancing the quality of urban life and providing a clean and sustainable environment.
·        Smart City Action Plans will be implemented by Special Purpose Vehicles (SPV) to be created for each city and state governments will ensure steady stream of resources for SPVs.
Smart Cities Mission
AMURT Mission
Focuses on a select larger urban areas
Intended to improve infrastructure in small cities having population of one lakh and above and towns of special importance only
Adopts area based approach focusing on improving amenities in a specific area of a larger city
Adopts functional based approach focusing on improving the delivery of services in the designated towns and smaller cities

FAME
·        Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) – India Scheme.
·        The scheme was launched with an aim to boost sales of eco-friendly vehicles in the country.
·        It is a part of the National Mission for Electric Mobility.
·        The scheme envisages providing 795 crore rupees support till 2020 for the manufacturing and sale of electric and hybrid vehicles.
·        The Department of Heavy Industries will be nodal department for the scheme.

PRASAD
·        PRASAD: Pilgrimage Rejuvenation And Spirituality Augmentation Drive
·        12 cities selected [10 cities in HIRDAY + 2 new cities]
·        Ministry to Tourism
·        Aimed at revitalising the unique character of the heritage cities in India.
·        12 cities are:
1. Amaravati (Andhra Pradesh)    2. Gaya (Bihar)
3. Dwarka (Gujarat)                        4. Amritsar (Punjab)
5. Ajmer (Rajasthan)                       6. Kanchipuram (Tamil Nadu)
7. Vellankani (Tamil Nadu)          8. Puri (Odisha)
9. Varanasi (Uttar Pradesh)           10. Mathura (Uttar Pradesh)
11.Kedarnath (Uttarakhand)         12. Kamakhya (Assam)
·        HRIDAY by Ministry of Urban Development; 12 cities selected

HRIDAY
PRASAD
Heritage City Development and
Augmentation Yojana
Pilgrimage Rejuvenation and
Spirituality Augmentation Drive
Ministry of Urban development
Ministry of Tourism
12 Cities
12 Cities
1) Amaravati
2) Gaya
3) Dwarka
4) Amritsar
5) Ajmer
6) Kanchipuram
7) Vellankani
8) Puri
9) Varanasi
10) Mathura
11) Badami (Karnataka)
12) Warangal (Telangana)
1) Amaravati (Andhra Pradesh)
2) Gaya (Bihar)
3) Dwarka (Gujarat)
4) Amritsar (Punjab)
5) Ajmer (Rajasthan)
6) Kanchipuram (Tamil Nadu)
7) Vellankani (Tamil Nadu)
8) Puri (Odisha)
9) Varanasi (Uttar Pradesh)
10) Mathura (Uttar Pradesh)
11) Kedarnath (Uttarakhand) and
12) Kamakhya (Assam).

MUDRA
·        MUDRA: Micro Units Development and Refinance Agency
·        To fund the small entrepreneurs. The Bank was launched under the ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY).
·        The bank will provide credit of up to 10 lakh rupees to small entrepreneurs and act as a regulator for Micro-Finance Institutions (MFIs).
·        It was set up through a statutory enactment.
·        It would be responsible for developing and refinancing all Micro-finance Institutions (MFIs) which are in the business of lending to micro / small business entities engaged in manufacturing, trading and service activities.
·        The concept of MUDRA Bank goes beyond credit only approach and offers a credit plus solution for these enterprises spread across the country.
·        The bank will initially offer products like Shishu, Kishor and Tarun to differentiate the stage of growth and funding needs of the beneficiary entrepreneur.
Ø  Shishu will cover loans up to 50000 rupees
Ø  Kishor will cover loans above 50000 rupees and up to 5 lakh rupees
Ø  Tarun will cover loans above 5 lakh rupees and up to 10 lakh rupees



USTAAD
·        Minority Affairs Ministry
·        USTAAD: Upgrading the Skills and Training in Traditional Arts/Crafts for Development
·        Launched in Varanasi
·        The objective of the scheme is to preserve rich heritage of traditional arts and crafts of minorities and build capacity of traditional artisans and craftsmen.
·        Its purpose is to establish linkages of traditional arts and crafts with the national and international market and ensure dignity of labour to artisans and provide employment opportunities and a better future to the youths belonging to the minority community.
·        It will be funded by the Central Government and will prepare skilled and unskilled artisans and craftsmen to compete with major companies in terms of quality of products.

 3 new Urban Missions
·         Based on the learnings of implementation of Jawaharlal Nehru National Urban Renewal Mission (JNNURM) that ended up in sub-optimal physical and financial performance, the Central Government has radically overhauled the Operational Guidelines for implementation of
Ø  Smart Cities Mission
Ø  Atal Mission for Rejuvenation and Urban Transformation (AMRUT) &
Ø  Housing for All Mission in Urban Areas
Housing for All by 2022:
ä  Under Housing for All, the Government aims to build 2 crore houses by 2022.
ä  The government allotted Rs  14,000 crore for this scheme.
ä  The cabinet headed by Prime Minister accepted the recommendations of an Inter-Ministerial Committee to approve a substantial increase in interest relief on loan for the urban poor to promote affordable homes. The committee recommended to increase interest subvention to 6.50 per cent on housing loan for economically weaker sections of society.
ä  At present, with the interest rate of 10.50 per cent, current EMI on admissible loan component of Rs 6 lakh, over 15-year loan duration works out to be Rs 6,632 per month. But because of the Cabinet’s decision of credit-linked subsidy to 6.5 percent, EMI comes down to Rs 4,050 per month., benefiting the poor.
Smart Cities:
ä  The population of urban areas is increasing every day as people moves towards cities in search for work.  The urban India contributes about 60% of India’s GDP and is expected to increase up to 75% in the next 15 years. The cities need to become smarter to handle this urbanization.
ä  The smart cities should be able to provide good infrastructure such as water, sanitation, reliable utility services, health care; attract investments; transparent processes that make commercial activities easy and other services for citizens to make them feel safe and happy.
ä  The Cabinet had approved Rs 48000 crore investment on urban development under Smart Cities Mission.
ä  This scheme will promote the adoption of smart solutions for using available resources efficiently.
ä  There will be special emphasis on participation of citizens in prioritizing and planning urban interventions.
ä  The implementation will be done through ‘area based approach’ which will consist of retrofitting, redevelopment, pan-city initiatives and development of new cities.
Atal Mission for Rejuvenation and Urban Transformation (AMRUT) – Scheme
ä  It is a mission aimed at transforming 500 cities and towns into efficient urban living spaces, with special focus on a healthy and green environment for children. The Cabinet approved Rs 50,000 crore for this scheme which is to be spent over the next five years.

ä  It will ensure basic infrastructure services relating to water supply, sewerage, seepage management, storm water drains, transport and development of green spaces and parks with special provision for meeting the needs of children. There will be promotion of reforms like e-governance


Insurance Schemes
·        3 new Insurance schemes launched



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Jan - March 2015 [Schemes Launched]
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