Why in News?
Recently, the Prime Minister of India has acknowledged the role that the Stand-Up India initiative has played in empowering the SC/ ST communities and ensuring women empowerment.
The University Grants Commission (UGC) released the National Credit Framework (NCrF), which will allow students to earn educational credits at all levels, irrespective of the mode of learning i.e. offline, online, or blended.
The extent of guarantee provided by the trust is based on the category of the borrowers/location of the unit and amount of credit facility being covered under guarantee. The same is as under:
Category | Maximum extent of guarantee where credit facility is | ||
Upto Rs 5 lakh | Above Rs 5 lakh & upto Rs 50 lakh | Above Rs 50 lakh & upto Rs 200 lakh | |
Micro Enterprise | 85% of the amount in default subject to a maximum of Rs 4.25 lakh | 75% of the amount in default subject to a maximum of Rs 37.50 lakh | 75% of the amount in default subject to a maximum of Rs 150 lakh |
Women Entrepreneurs/ Units located in NE region(incl. Sikkim) {other than credit facilities upto Rs 5 lakh to Micro Enterprises} | 80% of the amount in default subject to a maximum of Rs 40 lakh | ||
All other categories of borrowers | 75% of the amount in default subject to a maximum of Rs 37.50 lakh | ||
Retail Trade Activity [Max of Rs 1.00 Cr] | 50% of the amount in default subject to maximum of Rs 50 lakh |
About
Sports Governance Structure
Reform in the Sports governance structure would require political will, legal framework and public awareness. It would also require learning from the best practices of other countries that have achieved success in sports through good governance. By adopting such a reform, India can hope to achieve its potential as a sporting nation and enhance its image and pride on the global stage.
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