Drone Didi Initiative

• It was launched by the PM on 30^th November 2023 after his interaction with women beneficiaries of the Viksit Bharat Sankalp Yatra.
• It aims to provide drones to 15,000 women Self Help Groups (SHGs) in the next two years to be rented out to farmers for agricultural purposes.
• The Centre will provide each SHG identified a subsidy up to 80% towards the cost of a drone or a maximum of Rs 8 lakh. It is expected to generate an additional income of about Rs 1 lakh per head for them.

Pradhan Mantri Mudra Yojana

• About:
  • PMMY was launched by the Government of India in 2015.
  • The PMMY provides collateral-free institutional loans up to Rs. 10 lakhs for small business enterprises.
• Funding Provision:
  • It is provided by Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).
• Types:
  • The loan can be used for income-generating activities in the manufacturing, trading, services sector, and agriculture.
  • There are three loan products under PMMY:
    • Shishu (loans up to Rs. 50,000)
    • Kishore (loans between Rs. 50,000 and Rs. 5 lakh)
    • Tarun (loans between Rs. 5 lakh and Rs. 10 lakh).

Prime Minister's Employment Generation Programme

• The Government of India approved the introduction of a credit linked subsidy programme called Prime Minister's Employment Generation Programme (PMEGP) in 2008 for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.
• It allows entrepreneurs to set up factories or units.
• It is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME).
• The implementing Agency at the National Level is Khadi and Village Industries Commission (KVIC) - a statutory organization under the administrative control of the Ministry of MSME.

Kisan Credit Cards

• About:
  • The scheme was introduced in 1998 for providing adequate and timely credit support from the banking system, under a single window with flexible and simplified procedure to the farmers for their cultivation and other needs like purchase of agriculture inputs such as seeds, fertilizers, pesticides etc. and to draw cash for their production needs.
  • The scheme was further extended for the investment credit requirement of farmers viz. allied and non-farm activities in the year 2004.
  • In the Budget-2018-19, government announced the extension of the facility of KCC to fisheries and animal husbandry farmers to help them to meet their working capital needs.
• Implementing Agencies:
  • Commercial Banks
  • Regional Rural Banks (RRBs)
  • Small Finance Banks
  • Cooperatives

Stand-Up India Scheme

• About:
  • Stand up India Scheme was launched by the Ministry of Finance in April 2016 to promote entrepreneurship at grassroot level focusing on economic empowerment and job creation.
  • This scheme has been extended up to the year 2025.
• Purpose:
  • Promote entrepreneurship amongst women, Scheduled Caste (SC) and Scheduled Tribe (ST) category.
  • Provide loans for greenfield enterprises in manufacturing, services or the trading sector and activities allied to agriculture.
  • Facilitate bank loans between Rs.10 lakh and Rs.100 lakh to at least one SC/ST borrower and at least one-woman borrower per bank branch of Scheduled Commercial Banks.

PM-SVANidhi

• It is a Central Sector Scheme i.e., fully funded by Ministry of Housing and Urban Affairs with the following objectives:
  • To facilitate working capital loan;
  • To incentivize regular repayment; and
  • To reward digital transactions
• Introduction of 3rd term loan of up to Rs 50,000 in addition to 1^st & 2^nd loans of Rs 10,000 and Rs 20,000 respectively.
• The loans would be without collateral.

PM Vishwakarma Yojana

• Objective: Uplift traditional artisans and craftspeople by enhancing the quality and market accessibility of their products and integrate them in both domestic and global value chains.
• Features:
  • Budgetary allocation for scheme – Rs 13,000 crore for 5 financial years (2023-24 to 2027-28).
  • Provides recognition to beneficiaries through a PM Vishwakarma Certificate and an ID Card.
  • Stipend of Rs 500 for skill training per day and Rs 15,000 grant for the purchase of modern tools.
• Category: Central Sector Scheme
• Nodal Ministry: Ministry of Micro, Small and Medium Enterprises (MoMSME)