MINISTRY OF COMMERCE AND INDUSTRY

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MINISTRY OF COMMERCE AND INDUSTRY

MINISTRY OF COMMERCE AND INDUSTRY

Revenue Insurance Scheme for Plantation Crops (RISPC)

  • It aims at protecting the growers from the risks such as yield loss, pest attacks and income decline caused by fall in prices through crop insurance mechanism, thereby stabilizing income of growers to ensure their sustainability.

  • It is available only to plantation crops, for which crop insurance can no longer be availed from PMFBY.

  • The duration of the pilot scheme shall be one crop cycle commencing from the year 2016-17 which may spread over 2 years.

  • RISPC is an improved form of the Price Stabilization Fund (PSF) Scheme which was closed in 2013.

  • It covers small growers of Rubber, Tea, Coffee (Robusta and Arabica), Tobacco and Cardamom having 10 ha or less landholding.

  • The scheme is compulsory for growers registered with the respective Commodity Boards(CBs) and it is implemented on pilot basis in 7 states.

  • The scheme will operate on the principle of ‘Area Approach’ and Commodity Board in consultation with the concerned State Government shall designate an area as Insurance Unit (IU), which can be a village panchayat or any other equivalent unit.

  • Scheme will cover income loss arising out of yield loss due to non-preventable risks viz.drought, dry spells, flood, pest and diseases, hail storm etc and price fluctuation due to fall in international/domestic prices below the average price of last 5 years excluding the current year.

  • Losses arising out of war and nuclear risk, malicious damage and other preventable risks are excluded.

Note – PSF for pulses is under Ministry of Consumer Affairs.

Start Up India Scheme

  • It aims at fostering entrepreneurship and promoting innovation by creating an eco system that is conducive for growth of Start-ups.

  • According to the scheme, a start-up is an entity that is head quartered in India which was opened less than five years ago and has an annual turnover less than 25 crore.

  • It provides -Simple Compliance Regime for start-ups based on Self-certification.

  • Single window clearance based on mobile App.

  • Start-up India Hub to handhold start-ups during various phases of their development

  • Legal support and fast-track patent examination by reducing 80% of the patent cost.

  • Faster exit for start-ups through modified new bankruptcy code ensuring 90 days exit window.

  • Credit Guarantee Fund for start-ups through Small Industries Development Bank of India (SIDBI).

  • Providing funding support through a Fund of Funds with a corpus of Rupees 10,000 crore

  • Tax exemption on capital gains invested in Fund of Funds

  • Tax exemption to start ups for 3 years.

  • Exemption from labour inspection for 3 years.

  • Launch of innovation hub through Atal Innovation Mission (AIM) with Self –Employment and Talent Utilization (SETU) Program of NITI Aayog

  • Harnessing private sector expertise for setting up incubators.

  • The initiative is also aimed at promoting entrepreneurship among SCs/STs, women communities.

  • Rural India’s version of Start up India was named the Deen Dayal Upadhyay Swaniyojan Yojana.

E-Biz

  • It is a part of the 27 Mission Mode Projects (MMPs) under National e-Governance Programme.

  • The platform is to improve the business environment in the country by enabling fast and efficient access to Government- to-Business (G2B) services through an online portal.

  • It enables a shift in the Governments’ service delivery approach from being department centric to customer-centric with single window portal.

  • A business user can avail all services 24*7 online end-to-end services i.e., online submission of forms, attachments, payments, tracking of status and also obtain the license/permit from e-Biz portal.

NiryatBandhu Scheme

  • The objective of the Niryat Bandhu Scheme is to reach out to the new and potential exporters and mentor them through orientation programmes, counselling sessions,individual facilitation, etc., for being able to get into international trade and boost exports from India.

Schemes Under Foreign Trade Policy Of India

Merchandise Exports from India Scheme (MEIS)

  • MEIS aims to accelerate the export of manufactured products from India.

  • Vishesh Krishi and Gram Udyog Yojana (VKGUY).

  • Under this scheme, Duty Credit Scrip benefits are granted with an aim to compensate high transport costs and to offset other disadvantages to promote exports of agricultural produce, minor forest produce etc.

  • The duty credit scrip is a pass that allows the holder to import commodities by not paying a specified amount in import duties.

Focus Market Scheme

  • The objective of this scheme is to reduce high freight cost and other duties in order to target global markets with a mission to improvise India’s acceptability in those countries as a competitor.

Focus Product Scheme

  • Focus Product Scheme incentivizes export of such products which have high export intensity / employment potential, in order to offset infrastructure inefficiencies and other associated costs involved in marketing of these products.

Served from India Scheme

  • Served from India Scheme helps to accelerate growth in export of services so as to create a powerful and unique ‘Served from India’ brand.

  • All Indian Service Providers who have free foreign exchange earning of at least Rs. 10

  • Lakhs and individual Indian Service providers with minimum foreign exchange earnings of Rs. 5 lakh in preceding financial year / current financial year shall qualify for Duty Credit Scrip.

  • The Duty Credit Scrip will be equivalent to 10% of foreign exchange earned during current financial year.

MINISTRY OF COMMUNICATION AND IT

National Optical Fibre Network

  • It is to provide broadband connectivity to over two lakhs Gram Panchayats through optical fibre network with a minimum bandwidth of 100 Mbps.It is aimed to fill the connectivity gap between Gram Panchayat and Block level.

  • Bharat Broadband Network Limited (BBNL) is the special purpose vehicle created as a

PSU for Execution of NOFN

  • It is funded by Universal Service Obligation Fund.

  • The project was intended to enable the government of India to provide e-services and e-applications nationally like e-health, e-education and e-governance etc.

  • All the Service Providers like Telecom Service Providers (TSPs), ISPs, Cable TV operators etc. will be given non-discriminatory access to the National Optic Fibre Network and can launch various services in rural areas.

  • It is under the Digital India program.

Jeevan Pramaan

  • One of the main requisites for the pensioners to avail pension is to provide life certificates.

  • Jeevan Pramman aims to streamline the process of getting Life certificate and making it hassle free and easier to get.

  • It is a AADHAR Biometric Authentication based digital life certificates for Pensioners.

  • It will do away with the requirement of a pensioner having to submit a physical Life Certificate every year, in order to ensure continuity of pension being credited into their account.

  • Submission of Digital Life Certificate also ensures authenticity of pension payments.

Digi Locker

  • A secure dedicated personal electronic space for storing the documents of resident Indian citizens will be created.

  • It is to provide citizens a shareable private space on a public cloud.

  • The space can be utilized for storing personal documents like University certificates, PAN cards, voter ID cards, etc., and the URI’s of the e-documents issued by various issues departments.

  • It is a platform for issuance and verification of documents & certificates in a digital way,thus eliminating the use of physical documents.

  • There is also an associated facility for e-signing documents.

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