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May 13, 2024

Daily Current Affairs for PCS-J (Pre)-12 May 24 : Educational Empowerment Initiative for Children  

Why in News?Rural Electrification Corporation Limited (REC Limited), a Maharatna Central Public Sector Enterprise under the Ministry of Power, has partnered with the Unit of Science and Educational Development (UNISED) to support the education of approximately 75,500 children in Siddharthnagar district, Uttar Pradesh.

Key Points:

  • Financial Commitment: REC Foundation, the CSR arm of REC Limited, has committed a financial assistance of Rs. 9.91 crores towards this initiative, demonstrating its dedication to social responsibility.
  • Memorandum of Agreement (MoA): A formal agreement between REC Foundation and UNISED has been signed in New Delhi, solidifying their commitment to improving educational opportunities for underprivileged children in Siddharthnagar district.
  • Objectives: The collaboration aims to enhance educational infrastructure and resources in government schools through the implementation of solar energy-operated smart classes and joyful learning resource labs.
  • This initiative is designed to empower students with modern educational tools and foster academic and creative excellence.
REC Limited:

  • REC Limited is a Maharatna Central Public Sector Enterprise registered with RBI as a Non-Banking Finance Company (NBFC) and Infrastructure Financing Company (IFC). It plays a crucial role in financing the power infrastructure sector and has diversified into non-power infrastructure sectors as well.
  •  REC Limited plays a key strategic role in various flagship schemes of the government for the power sector, including Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), and National Electricity Fund (NEF) Scheme, contributing to strengthening the country’s electricity distribution system and achieving 100% village electrification.



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