Excellence by Saikat Sir: 04/13/22

Maharashtra government approved a joint venture between state-run MahaGenco and India’s largest power generator NTPC which will set up an ultra-mega solar power park with a total generation capacity of 2,500 MW.
“National Thermal Power Corporation Limited (or its subsidiary) and Maharashtra State Power Generation Company (Mahagenco) will have a capital investment of 50:50, respectively, for the development of Ultramega Renewable Solar Park,” .
The state energy department has been appointed as a nodal agency for project development.

The United Nations (UN) celebrates the International Day of Human Space Flight on April 12 each year.
The day remembers the first human space flight on April 12, 1961.
The day was proclaimed at the 65th session of the United Nations General Assembly on April 7, 2011, a few days before the 50th anniversary of the flight.
In the Soviet Union, the day is observed as the International Day of Aviation and Cosmonautics.’
April 12, 1961, was the date of the first human space flight, carried out by Yuri Gagarin.
In 2011 the UN declared April 12 as the “International Day of Human Space Flight” to remember the first human space flight and to promote the exploration and use of outer space for peaceful purposes and to the benefit of humankind.

What is the news :

The sixth anniversary of the Stand Up India scheme is celebrated.
Over 30 thousand 160 crore rupees have been sanctioned under Stand Up India Scheme to more than 1 lakh 33 thousand 995 accounts since inception of the Scheme.

What is the news :

Union Bank of India on April 6 launched its super app, Union Nxt which focuses on providing pre-approved personal loans, pensioner loans, Mudra loans, MSME loan auto-renewal services, and farmer loans auto-renewal services to customers.
Union bank also lauches digital transformation project SMBHAV with an investment outlay of around Rs 1,000 crore for the current financial year 2022-23 (FY23)
The bank is looking to invest nearly Rs 1,000 crore in building and upgrading its digital technology in the present fiscal, as per the bank’s management.
It has tied up with over a dozen fintechs to upgrade its digital offerings, the bank’s management told reporters.
“Large part of this investment will go into building a digital architecture which will be open and modular. On top of this, we will be building a digital lending platform so some part of this investment will go there, and simultaneously our mobile platform will also get updated and another part will be the data analytics,” said Nilesh Ranjan, executive director of the bank.

What is the news :

The Pradhan Mantri Mudra Yojana, or PMMY, is celebrating its seventh anniversary.
Prime Minister Narendra Modi announced the initiative on April 8, 2015, with the goal of granting loans up to ten lakh rupees to non-corporate, non-farm small, or micro-enterprises.
Since the inception of the Pradhan Mantri Mudra Yojana, more than 34 crore 42 lakh loans worth 18.60 lakh crore rupees have been sanctioned as per the official statement.
Women Entrepreneurs have received around 68 percent of the total number of loans approved.
New Entrepreneurs have received nearly 22 percent of the loans.

Excellence by Saikat Sir