India's commitment to renewable energy has taken a significant leap with the strategic introduction of the Viability Gap Funding (VGF) scheme for offshore wind energy projects. This initiative, strategically aimed at harnessing the vast offshore wind potential within India's exclusive economic zone, particularly off the coasts of Gujarat and Tamil Nadu, is a game-changer.
Mission Antyodaya is a government initiative started in the 2017-18 budget. Its mission is to transform rural India through an accountability and convergence framework. It aims to improve how money and resources from 26 government departments are used to help develop villages. The idea is to get better results by working together and ensuring efforts are well-managed.
Tax deducted at source (TDS), is a tax collection mechanism utilised by the Government of India for the collection of revenue at the very source of income. TDS is a form of indirect tax that ensures a regular revenue source for the government, advances tax collection, prevents tax evasion, and widens the tax base.
The SWAMIH (Special Window for Affordable and Mid-Income Housing) Investment Fund was initiated by the Government of India in November 2019 to resolve the problem of stalled housing projects that were financially viable but were starved of last-mile funding. The fund is supervised by SBICAP Ventures Ltd, the subsidiary of the State Bank of India, and supported by the Ministry of Finance.
STARS is a program to support reform to improve the quality and governance of school education in six states, namely, Himachal Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Odisha, and Kerala. It became effective on 23rd February 2021 for a period of five years, ending in the financial year 2024-25. The total project cost is Rs. 5718 crore, with a loan from the World Bank of Rs. 3700 crore. It is a centrally sponsored scheme under the Department of School Education and Literacy, Ministry of Education. The objective of the scheme is to improve education outcomes and school-to-work transition strategies for improved labour market outcomes, which is aligned with the objective of the National Education Policy 2020 of Quality-Based Learning Outcomes. The Program is carved out of Samagra Shiksha.
In October 2020, the All India Council for Technical Education (AICTE) officially recognized and created the Indian Knowledge Systems (IKS) as an innovative cell under the Ministry of Education. The concept was introduced through the National Education Policy (NEP) 2020, which acknowledged the rich heritage of ancient and eternal Indian knowledge as a guiding principle for education reform.
Launched on 1st July 2015 as part of the Digital India initiative, DigiLocker is the flagship initiative of the Ministry of Electronics & Information Technology (MeitY)