1. FOOD CORPORATION OF INDIA
- FCI was established under the Food Corporation’s Act of 1964.
- It is a Public Sector Undertaking.
- It falls under the purview of the Department of Food & Public Distribution, which operates under the Ministry of Consumer Affairs, Food and Public Distribution
- FCI has played a significant role in India’s success in transforming the crisis management-oriented food security into a stable security system.
2. PM-Vidyalaxmi Scheme
- It is a Central Sector Scheme.
- Launch Date: 6th November 2024
- Ministry Launched By: Ministry of Education, Government of India
- Target Beneficiaries: Meritorious students admitted to top 860 higher education institutions in India
- Under this scheme any student who gets admission in quality Higher Education Institution (QHEIs) will be eligible to get collateral free, guarantor free loan from banks and financial institutions to cover full amount of tuition fees and other expenses related to the course.
- Made accessible through a simple, transparent, student-friendly and entirely digital application process
- Loan amounts up to ₹ 7.5 lakhs will be provided a 75% credit guarantee by the Government of India, to support banks to expand coverage
- Furthermore, for students with up to Rs. 8 lakhs annual family income, the scheme will also provide for 3% interest subvention on loans up to Rs 10 lakh
- This is in addition to the full interest subvention already offered to students with up to Rs. 4.5 lakhs annual family income
- PM Vidyalaxmi will build on the scope and reach of initiatives taken over the last decade for maximizing access to quality higher education for the youth