Overview: Launched in 2014, PMJDY aims to provide essential financial services like banking, insurance, and pension affordably.
Achievements: As of July 2024, 52.74 crore accounts have been opened, with women constituting over 55% of account holders.
Significance: It links with several schemes enhancing financial security, including accident insurance cover on RuPay cards and an overdraft facility up to Rs. 10,000.
National Quantum Mission (NQM)
Goal: Establish a scalable quantum computing infrastructure ranging from 20 to 1000 qubits over the next decade.
Innovations: Development of a Quantum Communication Network and enhancement in quantum material designs.
Challenges: NQM faces hurdles like poor research funding, delayed progress, and infrastructure deficits.
New India Literacy Programme (NILP)
Objective: Launched under NEP 2020, aiming to achieve 95% literacy among adults by 2030.
Target: Focus on educating 5 crore learners using advanced digital platforms, emphasizing gender and regional disparities.
Strategy: Employing volunteer teachers and leveraging online learning systems to enhance literacy rates.
India-Singapore Ministerial Roundtable (ISMR)
Framework: Discussions focused on sectors like digitalization, healthcare, and manufacturing.
Economic Ties: Singapore remains a leading source of FDI for India, indicating robust economic interdependence.
Cooperation: Both nations collaborate in areas ranging from defense to science and technology, fostering mutual strategic interests.
India-US Defence and Security Cooperation
Agreements: Recent pacts include setting up liaison offices and enhancing military cooperation through agreements like LEMOA and COMCASA.
Technological Alliance: Initiatives like iCET and INDUS-X focus on joint development in defense technologies and innovations.
Impact: These collaborations aim to solidify India’s defense capabilities and technology exchange.
Unified Lending Interface (ULI)
Purpose: A new platform designed to integrate various state land records for easier credit access, especially in agriculture and MSME sectors.
Benefits: ULI will reduce the documentation burden and improve the credit disbursal process, aiming to address gaps in credit availability.
Key Concepts and Policies
PMJDY: A government scheme to increase banking penetration and financial inclusivity in India.
NQM: An initiative aimed at positioning India at the forefront of quantum technology research and applications.
NILP (ULLAS): Targets literacy improvement across India, particularly among adults, through digital and community-based educational initiatives.
ISMR: A platform for India and Singapore to explore new cooperation avenues and strengthen economic and strategic ties.
ULI: A technology-driven interface to streamline credit processes across diverse sectors, enhancing financial access and efficiency.
