Subject/Topic Wise Current Affairs for UPSC Exam

Inclusive Growth

Pradhan Mantri Kaushal Vikas Yojana

It is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). It was implemented in 2015-16. Implementation by: National Skill Development Corporation (NSDC). Objective: To enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Components: Short Term Training: This training aims to provide skills for school/college dropouts or unemployed persons. Apart from providing training, the Training Centres will also impart skills training in Soft Skills, Entrepreneurship, Financial and Digital Literacy Recognition of Prior Learning: Under this, Individuals with prior learning experience or skills will get assessed and certified.…

27 December, 2023 Inclusive Growth

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Microfinance Institutions (MFI)

Microfinance Institutions (MFI) According to a recent report, Microfinance Institutions (MFI) will be crucial to India's economic development. About microfinance institution: MFI is a company that provides low-income people with financial services. Microloans, micro savings, and microinsurance are some of these services. MFIs are financial institutions that offer modest loans to borrowers without access to banking services. The term "small loans" has different meanings in different nations. All loans in India that are less Rs. 1 lakh can be categorised as microloans. Although the interest rates are typically lower than those levied by conventional banks, some opponents of this idea…

17 January, 2023 Inclusive Growth

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World Social Protection Report 2020–22

World Social Protection Report 2020–22 An Asia and the Pacific-focused study from the International Labour Organization (ILO) was just published. Major Points The report's content includes a global review of the strides made in the last ten years in extending social protection and constructing rights-based social protection systems, including floors, as well as information on the COVID-19 pandemic's effects. The report thus makes a crucial contribution to the framework for monitoring the 2030 Agenda for Sustainable Development. Worldwide perspective Deep-seated disparities and large gaps in social protection coverage, comprehensiveness, and sufficiency have been made clear by the pandemic in every…

07 September, 2022 Inclusive Growth