05 Oct 2020: PIB Summary & Analysis

October 5th, 2020 PIB:- Download PDF Here

TABLE OF CONTENTS

1. RAISE 2020
2. National Startup Awards 2020
3. Supersonic Missile Assisted Release of Torpedo (SMART) 
4. PM SVANIDHI Scheme
5. World Habitat Day 2020

1. RAISE 2020

What’s in News?

The Prime Minister has inaugurated RAISE 2020, a Mega Virtual Summit on Artificial Intelligence (AI).

• RAISE 2020 is a global meeting of minds to exchange ideas and chart a course for using AI for social transformation, inclusion and empowerment in areas like Healthcare, Agriculture, Education and Smart Mobility, among other sectors.

This topic has been covered in 24^th September 2020 PIB Summary and Analysis.

2. National Startup Awards 2020

What’s in News?

The Department for Promotion of Industry and Internal Trade (DPIIT) has conceived the first ever National Startup Awards.

Details:

• The award aims to recognize and reward outstanding Startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact.
  • Not only financial gains for the investors but also the contribution to the social good will be considered.
• The first edition invited applications across 12 sectors further sub-classified into 35 categories.
  • 12 sectors are Agriculture, Education, Enterprise Technology, Energy, Finance, Food, Health, Industry 4.0, Space, Security, Tourism and Urban Services.
  • Besides this, startups will be selected from those which create impact in rural areas, are women-led and founded in academic campuses.

Rewards:

• The winning Startups will get cash prizes of Rs 5 lakh each, along with opportunities to present their solutions to relevant public authorities and corporates, for potential pilot projects and work orders.
• As key building blocks of a robust Startup ecosystem, one exceptional Incubator and one Accelerator each will get a cash prize of Rs 15 lakh.

3. Supersonic Missile Assisted Release of Torpedo (SMART)

What’s in News?

SMART has been successfully flight tested from Wheeler Island off the coast of Odisha.

• SMART is a missile assisted release of lightweight Anti-Submarine Torpedo System for Anti-Submarine Warfare (ASW) operations far beyond Torpedo range.
• The launch and demonstration is significant in establishing Anti-Submarine warfare capabilities.
• A number of DRDO laboratories have developed the technologies required for SMART.

4. PM SVANIDHI Scheme

What’s in News?

As a part of Prime Minister Street Vendor’s AtmaNibhar Nidhi (PM SVANidhi) Scheme, Ministry of Housing & Urban Affairs (MoHUA) has entered into an MoU with Swiggy to onboard street food vendors on its ecommerce platform.

• This would give the street vendors, online access to thousands of consumers and help these vendors grow their businesses.

Prime Minister Street Vendor’s AtmaNibhar Nidhi (PM SVANidhi) Scheme

• Ministry of Housing & Urban Affairs (MoHUA) is implementing the scheme.
• It was launched for providing affordable working capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
• Under the Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly installments in the tenure of one year.
• On timely/ early repayment of the loan, an interest subsidy @ 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on quarterly basis.
• There will be no penalty on early repayment of loan.

Read more about PM SVANIDHI Scheme.

 5. World Habitat Day 2020

• • The United Nations has designated the first Monday of October every year as World Habitat Day.
  • World Habitat Day was first celebrated in 1986 with the theme “Shelter is My Right”. Nairobi was the host city for the observance that year.
  • The purpose is to recognize the basic rights of all humanity to adequate shelter and to encourage grassroots action toward ending poverty housing.
  • The theme of World Habitat Day 2020 is “Housing For All: A better Urban Future”. The host city is Surabaya, Indonesia.

Read previous PIB here.

October 5th, 2020, PIB:- Download PDF Here