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Daily Current Affairs – 2020
Topic: For Prelims and MainsImplementation of Interest subvention Scheme of Ministry of Social Justice & Empowerment, Government of India –Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayta (VISVAS) Yojana for financial empowerment of economically marginalized OBC/SC SHGs & Individuals got a major boost with signing of Memorandum of Agreements (MoAs) by National Backward Classes Finance & Development Corporation (NBCFDC) and National Scheduled Castes Finance and Development Corporation (NSFDC) with Punjab National Bank, a premier and leading Public Sector Bank.
The Ministry of Social Justice and Empowerment has launched the VISVAS (Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayta) scheme for self-help groups or SC and OBC families with an annual income of up to three lakhs.
The scheme will help in providing instant liquidity as funds will be deposited through direct benefit transfer to the operating accounts of individuals and SHGs through this scheme.