Which Ministry and the National Safai Karamcharis Finance and Development Corporation (NSKFDC) signed an MoU for 2023-25?

Daily Current Affairs

Ministry of Tribal Affairs

Ministry of Home Affairs

Ministry of Labour and Employment

Ministry of Social Justice and Empowerment

Correct Answer : Ministry of Social Justice and Empowerment

A momentous collaboration has been cemented as the Ministry of Social Justice & Empowerment and the National Safai Karamcharis Finance and Development Corporation (NSKFDC) inked a Memorandum of Understanding (MoU) for the fiscal years 2023-24 and 2024-25.

This strategic partnership aims to enhance the socio-economic upliftment of Safai Karamcharis, Manual Scavengers, Waste Pickers and their dependants.

NSKFDC is continuously working for empowerment of these most vulnerable and deprived sections of society through its various loan based and non-loan-based schemes like Short Term Skill Development Training Programmes.

It focuses on complete mechanization of Sewer and Septic Tank cleaning operation by providing soft loans at low rates of interest to Sanitation Workers, Urban Local Bodies. Capital subsidy ranging from 50 to 32 percent is provided to sanitation workers taking up mechanized cleaning works under Swachhta Udyami Yojana (SUY).

Adequate training is provided free of cost to sanitation workers regarding safety precautions, use of PPE kits and operation and maintenance of cleaning machines and equipments.

NSKFDC also provides loans upto Rs.1.00 lacs under its Mahila Samridhi Yojana and Micro Credit Finance Scheme. The overall rate of interest is 4% and 5%, respectively. The other loan schemes are General Term Loan and Green Business Schemes under which loans upto Rs.15.00 lacs and upto Rs.30.00 lacs respectively are provided with rate of interest at 6% and 1% rebate for women beneficiaries.

In FY 2022-23, NSKFDC has disbursed total loans of Rs.261.49 crores covering 43862 beneficiaries. About 80% of the beneficiaries are women.

NSKFDC has set up a target to cover 52634 new beneficiaries in FY 2023-24 and 63161 new beneficiaries in FY 2024-25.

NSKFDC has provided Skill development Training to 20686 sanitation workers and their dependents under SRMS and PM DAKSH Yojana during FY 2022-23.

To strengthen the GOI initiatives for welfare of Safai Karamcharis, NSKFDC as per MoU shall be providing Skill Development Training to 11000 and 12500 beneficiaries in FY 2023-24 and FY 2024-25, respectively under PM DAKSH Yojana..

Source : PIB

Published On : August 31, 2023

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In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

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Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

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Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

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The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024