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Why in the news? The Pradhan Mantri Shram Yogi Maandhan Yojana received a 37% budget allocation increase for 2025-26, highlighting the government’s commitment to securing financial stability for millions of workers in India’s unorganized sector. Key Features of PM-SYM: Pension Assurance: Provides ₹3,000 per month after the subscriber reaches 60 years of age. Contribution Model: …
Read MoreWhy in the news? The government introduced the Mutual Credit Guarantee Scheme to provide loan guarantees up to ₹100 crore for MSMEs, supporting equipment purchases and fostering growth, technological advancement, and industrial development in small and medium businesses. About Mutual Credit Guarantee Scheme (MCGS-MSMEs): The Mutual Credit Guarantee Scheme (MCGS-MSMEs) is a newly launched initiative …
Read MoreWhy in the news? The Indian government has extended the Samarth Scheme until March 2026, with a budget of Rs. 495 crore. It aims to provide employment-linked training to 3 lakh individuals in the textile sector, focusing on job creation and upskilling. Samarth Scheme Extension Overview: The Ministry of Textiles has extended the Samarth Scheme …
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