Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme Explained

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                         In this post we have explained some relevant points related to PM SVANidhi Scheme or Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Yojana which is important for upcoming examination like SSC CGL, IBPS, Banking, RRB NTPC, NABARD,  RBI Grade B, SEBI Grade A, UPSC EPFO and UPSC etc. 

Name of the Scheme

• PM SVANidi Scheme: Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Yojana.

Ministry

•  The Ministry of Housing and Urban Affairs (MoHUA) has launched  (PM SVANidhi).

Purpose

• To provide affordable micro loans to street vendors.

Valid Till

• The scheme is valid until March, 2022

Implementing Agency

• Small Industries Development Bank of India (SIDBI)

• SIDBI will manage the credit guarantee to the lending institutions through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

Overview

• This is a Central Sector Scheme to facilitate street vendors to access affordable working capital loan for resuming their livelihoods activities, after easing of lockdown.

• It is a special micro-credit facility plan to provide affordable loan of up to ₹10,000 to more than 50 lakh street vendors.

• The loans would be without collateral.

• Those who were vending till 24th March, 2020 can avail the benefits of the scheme.

Interest 

• On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer (DBT) on six-months basis.

•  There is no penalty for pre-closure of the loan. 

• On timely/ early repayment of loan of initial working capital, a vendor becomes eligible to avail a higher tranche of loan in next cycle.

Eligibility

Any person engaged in vending of articles, goods, wares, food items or merchandise of daily use or offering services to the public in a street, footpath, pavement etc., from a temporary built up structure or by moving from place to place. The goods supplied by them include vegetables, fruits, ready-to-eat street food, tea, pakodas, breads, eggs, textile, apparel, artisan products, books/ stationary etc. and the services include barber shops, cobblers, pan shops, laundry services etc. 

Objectives 

• To facilitate working capital loan up to `10,000 at subsidized rate of interest.

• To incentivize regular repayment of loan.

• To reward digital transactions.

KYC documents required

• Aadhaar Card (Mandatory)

• Voter Identity Card (Mandatory)

• Driving License

• MNREGA Card 

• PAN Card.

Need for

The lockdown has affected the lives and livelihoods of many especially daily wagers.

• The micro loans through the scheme would help to kick-start activity for vendors.

Overall if this scheme is implemented efficiently then it will help the vendors to resume the business.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, SBI, RBI, SEBI Exam 23nd September 2020

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                        Daily current affairs for upcoming examination such as SSC CGL, RRB NTPC, and RBI. For all Current Affairs CLICK HERE

National Current Affairs 

• ‘Kritagya’ Hackathon by National Agricultural Higher Education Project of ICAR.

• Laser Guided Anti Tank Guided Missile (ATGM) was successfully test fired from MBT Arjun Tank at KK Ranges, Armoured Corps Centre and School (ACC&S) Ahmednagar.

• International Energy Agency (IEA) in collaboration with NITI Aayog released ‘Special Report on Sustainable Recovery’.

• SEBI has framed Technical committee under chairmanship of Harsh Kumar Bhanwala on social stock exchange (SSE) to develop framework for onboarding non-profit organizations (NPO) and for-profit enterprises (FPE).

• Google Pay introduces tap-to-pay option for SBI Card users in India.

• HDFC Life joins hands with Yes Bank to sell insurance policies.

• Shri Narendra Singh Tomar assumes charge of Ministry of Food Processing Industries.

• The Telecom Regulatory Authority of India (TRAI) has recommended the creation of a multi-stakeholder body (MSB) to ensure that Internet access providers adhere to the provisions of net neutrality.

• Madhya Pradesh government is going to launch the ‘Mukhya Mantri Kisan Kalyan Yojana’.

• Bihar DGP Gupteshwar Pandey takes voluntary retirement (VRS).

BANKING & ECONOMY 

• CCI approves acquisition of 100% equity shares of Medlife by API Holdings and of up to 19.59% equity share capital of API Holdings by Medlife’s shareholders.

OBITUARIES

• Veteran Congress minister Zakiya Inam passes away.

APPOINTMENT

• RBI appoints A K Dixit as new PMC Bank administrator.

• Mohamed Hussein Roble appointed Somalia’s new prime minister.

IMPORTANT DAYS

• September 23: International Day of Sign Languages.

BOOKS

• “Voice of Dissent” authored by Historian Romila Thapar.

SPORTS 

• Former cricketer Ashleigh Barty wins Golf Club Championship.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, SBI, RBI Exams 22nd September 2020

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                         Daily latest current affairs for SSC CGL, RRB NTPC, Banking, RBI, SBI, NABARD, and UPSC exams. For all Current Affairs CLICK HERE 

National Current Affairs 

• Prime Minister Shri Narendra Modi addressed the United Nations General Assembly through video conferencing.

• Indian Space Promotion and Authorisation Centre (IN-SPACe) to promote private   investment and innovation in the space sector: Dr Jitendra Singh.

• Prototype Fast Breeder Reactor (PFBR) likely to bet commissioned in 2022: Dr  Jitendra Singh. PFBR will add 500 MW of electrical power to the national grid.

• Rajya Sabha passes Indian Institutes of Information Technology Laws (Amendment) Bill, 2020.The Bill will declare 5 IIITs in Public-Private Partnership mode at Surat, Bhopal, Bhagalpur, Agartala & Raichur as Institutions of National Importance: Education Minister.

• Nrityanjali – an online film festival on Indian Classical Dance and Maestros by Films Division.

• Ministry of Tribal Affairs intends to establish a National Tribal Research Institute (NTRI) at Delhi.

• Government has launched YuWaah – a multi-stakeholder platform to make young people career ready.

• Govvernment launched National Conservation Strategy for Indian One-Horned Rhino on the occasion of World Rhino Day.

• Maharashtra’s ‘e- Peek Pahani’ app will reduce hardships of farmers.

INTERNATIONAL 

• World's richest 1% cause double CO2 emissions of poorest 50%, says Oxfam.

• African Elephant dying due to Cyanobacteria. Neuro-toxins in water produced by cyanobacteria killed more than 300 African elephants in the Okavango delta region, Botswana.

BANKING & ECONOMY 

• Microsoft to acquire ZeniMax for $7.5 bn in all-cash deal.

• HDFC Bank launched video Know Your Customer (KYC) facility.

• Volvo Car India launched "Volvo Car Financial Services".

• Visa extends global partnership with IFundWomen to entrepreneurs in India.

• HCL Technologies has announced the acquisition of Australian IT firm DWS Ltd for $115.8.

• India’s nominal GDP to grow 19 per cent in FY22: Finance Ministry

AWARDS 

• Narendra Modi becomes second Indian PM to win Ig Nobel Prize. The first was Atal Bihari Vajpayee in 1998.

OBITUARIES

• Noted Marathi actress Ashalata Wabgaonkar passes away.

• Former Himachal Pradesh minister Shyama Sharma.

• Former Canadian Prime Minister John Turner has passed away.

• Nepal's Legendry Mountaineer Ang Rita Sherpa passes away.

APPOINTMENT

• Former prime minister H D Deve Gowda took oath as a member of the Rajya Sabha.

IMPORTANT DAYS

• September 22: World Rose Day

SPORTS 

• Novak Djokovic wins Men’s Singles event in Italian Open.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, SBI, RBI Exams 21st September 2020

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                      Daily Current Affairs / Daily GK Update for 21st September 2020. Current GK plays a very important role in cracking any examination. So prepare it thoroughly. For Complete Current Affairs CLICK HERE 

National Current Affairs 

• Prime Minister Shri Narendra Modi to Address the Convocation of IIT, Guwahati.

• IIIT Bhubaneswar students developed a low-cost device ‘Swasner’ for COVID-19 patients.

• Indian Railways observes "Swachhta Pakhwara" from 16th to 30th September 2020.

• Prime Minister Shri Narendra Modi laid the foundation stone for nine National Highway Projects worth Rs 14000 crore in Bihar and also and launched the project to provide internet services through Optical Fibre in the state today through video conferencing.

• Rocket Launching Port ISRO in Kulasekarapattinam, located in Tamil Nadu.

• Government to set up Neutrino Observatory in the country in Bodi West Hills, in Theni district, Tamil Nadu. India based Neutrino observatory (INO) will observe neutrinos produced in the atmosphere of the Earth.

• Foreign Contribution Regulation (Amendment) Bill 2020 introduced in Lok Sabha to amend the FCRA act, 2010.

• A Memorandum of Understanding (MoU) signed between he Fertilisers and Chemicals Travancore Limited (FACT) and Government Industrial Training Institute (ITI) Kalamassery aimed at improving industry interaction.

• The Ministry of Tourism’s Dekho Apna Desh Webinar series titled “Promoting Destinations with 

Authenticated Cuisines” on 19th September 2020 focused on India - a land with varied cuisines.

• The Prime Minister Narendra Modi launched Ghar Tak Fibre Scheme launched in Bihar.

• Department of Post-Harvest Technology, Kerala Agricultural University introduced Jeevani, a health drink.

• Nutrition park to be set up in Chandrasekharapuram, Namakkal, Trichy.

• Tamil Nadu Chief Minister Edappadi Palaniswamy launched 3401 mobile public distribution outlets.

• India’s first CRISPR test for COVID-19 has been launched by the TATA group named ‘Feluda’. CRISPER (Clustered Regulatory Interspaced Short Palindromic Repeats).

• India  financial assistance of extends 250 million dollars support to Maldives to mitigate economic impact of Covid-19.

• Government launches Nasha Mukt Bharat Abhiyaan in 272 most affected districts implementing a National Action Plan for Drug Demand Reduction (NAPDDR) for 2018-2025.

• Election Commission of India to host an International Webinar on 21st September 2020 on Theme ‘Issues, Challenges & Protocols for Conducting Elections during COVID-19: Sharing Country Experiences'.

BANKING & ECONOMY 

• HDFC Bank tops 2020 Brandz Top 75 Most Valuable Brands in India.

• Google Pay, Visa partner for card-based payments.

• SBI launched "Mahila Atmanirbharshil Aachani" in Assam.

• Net direct tax collection dips 31% in April-August. The net direct tax collection during April-August was Rs 1.92 lakh cr.

• Hindustan Organic Chemicals Limited, HOCL, a PSU under the Ministry of Chemicals and Fertilizers granted Bureau of Indian Standards, BIS certification for all its products.

AWARDS 

• Emmy Awards 2020 held in Los Angeles: Succession is Best Drama, Schitt’s Creek Best Comedy.

OBITUARIES

• Rabindra Sangeet exponent Purba Dam passes away.

• Four-time MLA from Mulund Sardar Tara Singh passed away.

• Assam Musician Bibhuranjan Choudhury passes away.

APPOINTMENT

• The Appointments Committee of Cabinet has approved Simanchala Dash appointed as Advisor to IMF Executive Director.

• S Aparna appointed as Secretary, Department of Pharmaceuticals (DoP).

• Raghvendra Singh appointed India’s Culture Secretary.

• Anand Kumar appointed as Secretary, National Commission for Backward Classes, Ministry of Social Justice and Empowerment.

• Apurva Chandra appointed as Secretary, Ministry of Labour and Employment.

IMPORTANT DAYS

• September 21: International Day Of Peace 2020  also known as World Peace Day.Theme: 2020 is- “Shaping Peace Together"

• September 21: World Alzheimer's Day.

BOOKS

• Michelin Star chef Vikas Khanna announced his next book titled “Kitchens of Gratitude”. To Give Insights Into His ‘Feed India’ Initiative.

SPORTS Current Affairs

• Fed Cup to be re-named Billie Jean King Cup in her honour by International Tennis Federation. Fed Cup was launched in 1963.

Also Read About:

Bharat Ratna Awards and List of Recipients

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Latest Current Affairs 2020 For SSC CGL, RRB NTPC and Bank Exams

 

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                             Latest Current Affairs 20 September 2020 for Banking/Insurance/SSC and UPSC exams. For more Current Affairs CLICK HERE

National Current Affairs 

• MoU signed between Ministry of AYUSH and Ministry of Women and Child Development for Controlling Malnutrition as a part of POSHAN Abhiyaan.

• Parliament passes The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020.

• With a vision to strengthen digitalization in Panchayats for the purpose of empowering rural India, a unified tool e-Gram SWARAJ portal (https://egramswaraj.gov.in/) has been developed by the Ministry for effective monitoring and evaluation of works taken up in the Gram Panchayats.

• India & Bangladesh have agreed to resume the joint coordinated border patrolling to reduce criminal activities like narcotics on the border.

• Penguin to release Obama’s Memoir ‘A Promised Land’.

• Grand ICT Challenge for Smart supply measurement and monitoring system under Jal Jeevan Mission lauched.

• Hindustan Copper enters long-term deal to supply concentrate to Hindalco.

• Jammu and Kashmir Lieutenant Governor Manoj Sinha launched the National Generic Document Registration 

• System (NGDRS),for online registration in sale or purchase of land.

• Canara Bank introduces i-Lead 2.0 to boost customer services.

• Government gives one-year extension to Company Law Committee. The committee, constituted in September 2019, is now chaired by corporate affairs secretary Rajesh Verma.

• Cricketer Suresh Raina to set up cricket schools in J&K.

• Ashok Leyland, Hindustan Zinc team up with IIT-M to develop Zinc air battery.

BANKING, ECONOMIC & FINANCE News

• Kazakhstan financial regulator cancels license of PNB subsidiary.

• IDFC Mutual Fund has launched a new campaign called SIFI or `SIP in Fixed Income’ to make investors more aware about the benefits of investing in fixed income products via Systematic Investment Plans.

OBITUARIES

• Former Maharashtra BJP MLA Sardar Tara Singh passes away.

• Forrest Gump author Winston Groom dies aged 77.

• Fashion Designer Sharbari Dutta passed away.

• Veteran Communist leader and former Lok Sabha Member Roza Deshpande passes away.

APPOINTMENT 

• Bandhan Bank appoints Kumar Ashish to head Emerging Entrepreneurs Business vertical.

• Former Research and Analysis Wing chief Anil Dhasmana has been appointed as the chief of National 

• Technical Research Organisation (NTRO), India’s technical body that is responsible for geospatial intelligence and satellite imagery. He succeeds Satish Jha.

IMPORTANT DAYS

• September 19:International Coastal Cleanup Day.

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Top 50 Idioms & Phrases Asked In SSC CGL CHSL CPO MTS

Top 50 Idioms & Phrases Asked In SSC CGL CHSL CPO MTS

  

Idioms & Phrases

Are you appearing for SSC CGL 2020 exam? If yes then you need to prepare Idioms & Phrases to score good marks in English section. We have provided you previous year Idioms &  Phrases asked in SSC CGL, CHSL, CPO, MTS, etc. SSC asked questions from this topic every year.

Important Idioms and Phrases asked in SSC CGL

1. Bring to light - To make new information known to public; reveal.

2. To take to task - To criticize somebody strongly for something; reprimand.

3. Cut a sorry figure - Make a poor impression.

4. Talk over - To exchange thoughts; to discuss something.

5. Strike several bad patches - To experience a lot of problems in a period of your life.

6. As hard as nails - Very tough; callous, unbending; hard hearted, strict, unrelenting.

7. A laughing stock - Someone or something that seems stupid or silly.

8. Bad blood - Feelings of hate between people because of arguments in the past, hatred.

9. Cut short - To interrupt.

10. Ruffle somebody's feather - To cause someone to be upset, annoy somebody.

11. With might and main - With all one's power or strength, with full force.

12. At a loose end - To have nothing to do, in an uncertain situation.

13. Take up the hatchet - To make or declare war.

14. Turn over a new leaf - Change one's behavior for the better.

15. Over egg the pudding - To spoil something by trying too hard to improve it.

16. From stem to stern - From the front to the back especially of a ship.

17. Up a blind alley - Following a course of action that is certain to lead to an undesirable  outcome.

18. Turn a blind eye - Overlook, disregard, pretend not to notice.

19. Saved by the bell - Saved at the last movement.

20. Run out of steam - To lose impetus or enthusiasm.

21. Alive and Kicking - In good health.

22. Every dark cloud has a silver lining - Every unpleasant situation has a positive side.

23. To loose ground - To become less popular or to be given less support.

24. Pass the buck - Refuse to accept responsibility.

25. A man of straw - Someone who has a weak character; a man of no substance.

26. To carry the day - To win a contest or competition; succeed.

27. Turn turtle - Turn up-side down, over turn.

28. Grease the palm - To bribe someone.

29. Pull a fast one - To successfully deceive someone, play a trick.

30. Feather one's own nest - To make yourself rich especially in a way that is unfair or dishonest.

31. To play fast and loose - Behave irresponsibly or immorally, to act in a unreliable way.

32. Held up - Put off; withheld, delayed.

33. Bear in mind - To remember a piece of information when you are making decisions.

34. Under a cloud - Under suspicion.

35. A man of letters - A male scholar or author; a man who knows a lot.

36. Leave no stone unturned - To do everything you can to achieve a good result.

37. Donkey's years - A very long time.

38. Feather in one's cap - An achievement to be proud of.

39. Smell a rat - Begin to suspect trickery or deception.

40. By leaps and bounds - To become larger quickly; rapidly.

41. Capital punishment - Death sentence.

42. A live wire - Lively and energetic; active.

43. Wild goose chase - A foolish and hopeless search; a worthless hunt.

44. Invent cock and bull stories - Absurd and unlikely stories.

45. Button one's lip - To stop talking.

46. Evening of life - Old age.

47. Strain every nerve - Work very hard.

48. In a nutshell - Briefly and concisely.

49. As daft as a brush - Extremely silly.

50. Draw a blank - Find no favor.

Stay tuned with Exam Together we will come up with more such posts.

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Latest Current Affairs: For SSC CGL, RRB NTPC and Banking 19th September 2020

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                        As we all know that current affairs plays an important role in any examination. So we have provided you with the latest current affairs. 

                          Read More Current Affairs Click Here

National Current Affairs 

• National Education Policy sets the vision of developing an equitable and vibrant knowledge society: President Kovind.

• The Competition Commission of India (CCI) approves acquisition of sole control over Bombardier Transportation’s by Alstom S.A., AND acquisition of approximately 18% and 3% share capital of Alstom S.A. by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc (Bombardier) respectively.

• The Competition Commission of India (CCI) approves acquisition of Nutrition & Biosciences, Inc. by International Flavors & Fragrances Inc.

• President of India Shri Ram Nath Kovind virtually inaugurates Visitor’s Conference on Implementation of National Education Policy 2020 in Higher Education.

• Union Power Minister inaugurates REC  (Formerly Rural Electrification Corporation) CSR projects worth Rs. 1.64 Crore in Koilwar (Bhojpur District), Bihar.

• The Rajya Sabha has passed the Insolvency and Bankruptcy code (second Amendment) Bill 2020.

• Environment Minister Prakash Javadekar said this on the eve of ‘International Coastal Clean-Up Day’ that Eight Indian beaches recommended for Blue Flag international eco-label.

• Government of India has amended the public procurement (Preference to make in India ) order 2017, to curb Chinese Investment.

• The Directorate General of Foreign Trade has lifted the ban on export of onions including the neighbor Bangladesh.

• The virtual Vaishwik Bharatiya Vaigyanik (VAIBHAV) Summit would be inaugurated by Hon’ble Prime Minister on 2nd October 2020.

• The Supreme Court (SC) recently asked the Chief Justices of High Courts (HC) to form Special Benches to Hear criminal Cases Against legislators.

• The United Nations has named a 18-year-old Indian teenager Udit Singhal in the list of 2020 Class of Young leaders for Sustainable Development Goals (SDG).

• Lieutenant Governor of Jammu and Kashmir Manoj Sinha has launched the National Generic Document Registration System.

• Indian Cities Slip in Global Smart City Index, Singapore on top, report released by Institute for Management Development (IMD), in collaboration with Singapore University for Technology & Design.

• Bangladesh gives special permission for export of Hilsa fish to India.

• Gujarat Government launched Mukhyamantri Mahila Utkarsh Yojana.

• Vice President M Venkaiah Naiduinaugurated 4th Global Ayurveda Summit virtually.

• Vistara becomes 1st Indian carrier to offer in-flight WiFi connectivity.

INTERNATIONAL Affairs

• Environment Ministerial Meeting (EMM) of the G20 countries took place through video conferencing under the Presidency of Kingdom of Saudi Arabia. Theme of the meeting was ‘Realizing Opportunities of the 21st Century for All’.

• National Hispanic Heritage Month: USA The annual event is marked every year from 15th September to 15th October.

BANKING, ECONOMIC & FINANCE News

• Karnata Government launched loan disbursal programme "Arthika Spandana".

• Bandhan Bank sets up new vertical " Emerging Entrepreneurs Business.

• Canara Bank introduced i-Lead 2.0 to boost customer services.

• ICICI Home Finance launched "Apna Ghar Dreamsz". Loan Amount from Rs. 2 lakh to Rs. 50 lakh.

• New Zealand became first country to mandate climate risk disclosures.

AWARDS 

• Colombian reporter Jineth Bedoya Lima honoured with Golden Pen award. The Golden Pen of Freedom is WAN-IFRA’s highest honour.

OBITUARIES

 

• Tamil Director Babu Sivan passes away.

• Ranji player Sachin Deshmukh passes away.

IMPORTANT DAYS

• September 18: World Water Monitoring Day.

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