CURRENT AFFAIRS: DAYS
World Refugee Day
- World Refugee Day, international observance observed June 20 each year, is dedicated to raising awareness of the situation of refugees throughout the world.
- The theme of World Refugee Day this year is “Every action counts.”
CURRENT AFFAIRS: NATIONAL
Housing and Urban Affairs Ministry signs MoU to engage SIDBI as implementation agency for PM SVANidhi
- Housing and Urban Affairs Ministry and Small Industries Development Bank of India, SIDBI signed an MoU to engage SIDBI as the implementation agency for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi). The Ministry had launched the PM SVANidhi for providing affordable Working Capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
- This scheme targets to benefit over 50 lakh Street Vendors. Under the Scheme, the vendors can avail a working capital loan of up to ten thousand rupees, which is repayable in monthly instalments in the tenure of one year.
- As per the MoU terms, SIDBI will implement the PM SVANidhi Scheme under the guidance of Ministry of Housing and Urban Affairs. It will also manage the credit guarantee to the lending institutions through Credit Guarantee Fund Trust for Micro and Small Enterprises. It will develop and maintain a customized and integrated IT Platform providing end-to-end solutions, including documentation of all the processes and workflows for an end-to-end solution, through a Portal and a Mobile App. The disbursement of loan under PM SVANidhi is planned to commence in July this year.
About Ministry of Housing and Urban Affairs:
- Hardeep Singh Puri, Minister of State (Independent Charge)
- Constituency: Uttar Pradesh
- Durga Shanker Mishra, IAS, Secretary (Housing and Urban Affairs)
About SIDBI:
- Headquarters: Lucknow
- Founded: 2 April 1990
- Mohammad Mustafa, (Chairman and Managing Director)
