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Telegram Compilation: Part 8
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This is a compilation of various Articles / Solutions to MCQs that we regularly post on our Telegram Channel.
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Insolvency and bankruptcy code |


International Platform on Sustainable Finance (IPSF) |
- About
- Launched in 2019 by the European Union together with relevant authorities from Argentina, Canada, Chile, China, India, Kenya, and Morocco
- It was introduced at the IMF and World Bank Group Annual Meetings, in Washington D.C.
- Aim
- To scale up the mobilization of private capital towards environmentally sustainable investments
- Objectives
- Promote best practices in environmentally sustainable finance;
- Identify barriers and opportunities to scale up environmentally sustainable finance internationally;
- Enhance international coordination on environmentally sustainable finance issues.
- Context
- The Union Cabinet has approved the implementation of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
- About the scheme
- It aims to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector under two components
- Central Sector Scheme (CS)
- Centrally Sponsored Scheme (CSS)
- It will be implemented for five years from FY 2020-21 to FY 2024-25.
- FUNDING PATTERN
- Central Sector Scheme Component
- The entire project cost is borne by the Central government i.e. 100% central funding.
- Direct beneficiary-oriented activities are undertaken by the entities of central government including the National Fisheries Development Board (NFDB) with the assistance of
- 40% of the project cost for General category
- 60% for SC/ST/Women category.
- Centrally Sponsored Scheme
- The project cost for the Non-beneficiary orientated sub-components under CSS components will be shared
- North Eastern and the Himalayan States- 90% Central share and 10% State share.
- Other States- 60% Central share and 40% State share.
- Union Territories (with the legislature and without legislature)- 100% Central share.
- For the Beneficiary orientated activities, the Government financial assistance of both Centre and State/UTs governments together will be limited to
- 40% of the project cost for General category
- 60% of the project/unit cost for SC/ST/Women.
- Benefits
- Address the critical gaps in the fisheries sector and realize its potential.
- Augment fish production and productivity at a sustained average annual growth rate of about 9% to achieve a target of 22 million metric tons by 2024-25.
- Improve the availability of certified quality fish seed and feed, traceability in fish, and including effective aquatic health management.
- Create critical infrastructure including modernization and strengthen the value chain.
- Boost investments in the fisheries sector and increase the competitiveness of fish and fisheries products.
- Double fishers, fish farmers and fish workers incomes by 2024.
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