Garuda Aerospace and Union Bank Collaborate to Boost Agriculture with Drones

1. Who has Chennai’s drone startup Garuda Aerospace partnered with? Answer: Garuda Aerospace has partnered with the Union Bank of India. 2. How many Garuda Agri Kisan drones have received a loan under the Kisan Pushpak Scheme? Answer: 150 Garuda ..



RBI Working Group on Digital Lending

The Reserve Bank of India recently constituted a working group on digital lending. The working group was constituted to study all aspects of digital lending activities in the regulated and regulated financial sector. The working group will ensure that an ..


ADB Loan for Meghalaya Power Distribution Sector

The Government of India recently signed 133 million USD loan Agreement with the Asian Development Bank. Agreement was signed to strengthen the power distribution sector in the state of Meghalaya. Also, the loan is to be supplemented with a 2 ..


What is PM SVANidhi?

Ministry of Housing & Urban Affairs launched a scheme – PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) on June 1, 2020. The scheme has been launched to empower street vendors by providing them with loans. Under this scheme, the ministry ..


PM SVANidhi Scheme: UP secures the top rank

On 26 October, 2020, the Government of India announced that Uttar Pradesh secured the top rank PM SVANidhi Scheme. The state has approved the highest number of loans so far. Highlights Uttar Pradesh government has secured the top ranking in ..


RBI announces Special Liquidity Mutual Funds worth Rs 50,000 crores

On April 27, 2020, the Reserve Bank of India announced the special liquidity facility for mutual funds of Rs 50,000 crores. The Reserve Bank of India is increasing liquidity flow in capital markets as COVID-19 has imposed liquidity strains on ..