Notes:
Small Industries Development Bank of India (SIDBI), in partnership with the Confederation of Women Entrepreneurs of India (COWE), has launched the ‘Swavalamban Sashakt – Mega Campaign’.
It is a webinar series to promote the ‘Stand Up India’ scheme. Loan between ₹10 lakh and ₹1 crore to at least 1 SC or ST borrower and at least 1 woman borrower is provided per bank per branch, to set up a new enterprise.

Notes:
Brahmaputra Valley Fertilizer Corporation Limited, previously the Namrup Fertilizer Complex, is located on the bank of Dilli river, Assam.
The Cabinet Committee on Economic Affairs approved the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to BVFCL, Namrup (Assam) for smooth operations of its urea manufacturing units.

Notes:
The Indian Navy and IIT Delhi has recently signed an MoU on research in underwater domain of Naval Electronic Systems.
The key technologies for Navy in underwater electronics have been developed by the Centre for Applied Research in Electronics (CARE) at IIT Delhi since 1970s.

Notes:
Punjab National Bank (PNB) has signed an agreement with Indian Oil Corporation to provide up to Rs 2 crore to the dealers of the Oil company.
Under the MoU, the bank would provide credit facilities at lower interest rates, nil margin, and with minimum or zero collateral requirements. These measures are to be undertaken under the PNB e-Dealer scheme.

Notes:
The Reserve Bank of India has imposed restrictions on withdrawals from Independence Co-operative Bank Limited, Nashik.
This step has been taken for six months due to the bank’s present liquidity position. As per the RBI, the restrictions will remain in force for a period of six months. This restriction has been imposed by the RBI on the provision of Banking Regulation Act, 1949.