The Ministry of Housing and Urban Affairs recently announced that over twenty lakh street vendors have been provided loans under the PM SVANidhi scheme till March 29, 2021. Of this, eighteen lakh loans were provided by the Public Sector Banks. On the other hand, the private sector banks have provided only 32,534 loans. Bottom line, the private sector banks have provided only 1.6% loans under the PM SVANidhi scheme.
Top performers in PM SVANidhi Scheme
- Among the public sector banks, the State Bank of India topped the list and has provided 5.8 lakh loans under the scheme. The SBI was followed by Union Bank of India and Bank of Baroda.
- Among the private banks, Jammu and Kashmir Limited was the largest contributor. It had disbursed 9,595 loans under the scheme.
- Among the States and Union Territories, Uttar Pradesh has disbursed maximum number of loans under the scheme. UP was followed by Madhya Pradesh, Telangana.
- Of the total beneficiaries, fruits and vegetable vendors accounted to 45%. The hawkers selling fast food accounted to 21%. The hawkers selling cloth and handloom material accounted to 13%.
Why are the private sector banks reluctant?
The private sector banks are reluctant to provide loans under the PM SVANidhi scheme due to the following reasons
- The private sector banks are scared that the free loan might turn into a non-performing asset.
- When it comes to opening an account, private sector banks are not the first choice of street vendors. Without a bank out, the loan processes automatically get affected.
What is PM SVANidhi scheme?
- The PM SVANidhi scheme is the Prime Minister Street Vendor Atma Nirbhar Nidhi. The scheme was launched in June 2020. The scheme aims to provide credit facilities to street vendors affected by COVID-19. The scheme is implemented by the Ministry of Housing and Urban Affairs.
- Under the scheme, the vendors are provided with an initial capital of Rs 10,000. The vendor availing the loan facility will get an interest subsidy of 7%.
- The vendor does not need to provide collateral security to access the loan.
- The main objective of PM SVANidhi scheme was to help the street vendors resume their livelihood activities that was affected largely due to the lockdown (due to COVID-19).
The National Statistical Office operating under Ministry of Statistics and Programme Implementation (MoSPI) recently released the Women and Men in India report. The report consolidates the crucial socio-economic indicators that portray gender situation in the country. This is the twenty second issue in its series. The report is published annually by the MoSPI.
Population related Statistics
- The projected population of India in 2021 is 136.13 crores.
- Sex ratio has increased from 933 in 2001 to 943 in 2011.
- Delhi recorded the highest increase in sex ratio followed by Chandigarh, Arunachal Pradesh.
- On the other hand, Daman and Diu had the highest decline in sex ratio.
- The Age Specific Fertility Rate for the females belonging to the age group 25-29 years was the highest at 146.4.
- The Infant Mortality Rate decreased from 39 in 2014 to 32 in 2018.
- The Maternal Mortality Rate decreased from 212 in 2007-09 to 113 in 2016-18.
- The Total Fertility Rate of rural India was 2.3 in 2018. It was 1.7 in urban areas in 2018.
- The Adolescent Fertility Rate declined from 13 in 2017 to 12.2 in 2018.
- According to National Family Health Survey-5 (NFHS-5), almost 100% institutional delivery was observed in the states of Goa, Kerala, Lakshadweep.
- The HIV incidence per 1000 people decreased from 0.07 in 2017 to 0.05 in 2019.
- The literacy rate of India increased from 73 in 2011 to 77.7 in 2017.
- The Gender gap in literacy rates was the highest in Rajasthan, Bihar, UP.
- Only 8.3% of females of age 15 years had completed graduation. On the other hand, 12.8% of males of the same age had completed graduation.
- 8% of female students were pursuing education up to tenth standard.
Participation in Economy
- According to the Periodic Labour Force Survey, 2018-19, the worker population ratio in rural sector was 52.1 for males and 19 for females. In urban areas, it was 52.7 for males and 14.5 for females.
- The average wage per hour earned by female population in the age group of 15 years was highest in Andaman and Nicobar Islands (Rs 147 per hour). It was followed by Lakshadweep, Nagaland. The lowest was in the states/UTs of Daman and Diu, Odisha.
- The average wage per hour earned by male population in the age group of 15 years was the highest in Lakshadweep (Rs 121 per hour).
Participation in Decision Making
- The representation of women in the Central Council of Ministers is 9.26% in 2020.
- In 2019 Lok Sabha election, there were 437.8 million women electors. This is higher as compared to that of the 2014 election (397 million).
- Highest women participation in the Panchayati Raj institutions was observed in the states of Rajasthan, Uttarakhand and Chhattisgarh.
The World in 2030: Public Survey Report was recently published by UNESCO. The report was published by the organisation based on the survey held between May 2020 and September 2020. The survey collected responses from more than 15,000 people from all over the world.
Key Findings of the Report
- According to the report, Climate Change, Violence and Conflict, Loss of Biodiversity and discrimination and inequality, water and housing, lack of food are the four biggest challenges to peaceful societies of 2030.
- According to the participants, education is the only crucial solution to many difficulties to be faced in 2030. However, the North Americans (US, Canada) believe in science and not in education.
- Apart from education, the only other solution is international cooperation.
The top challenges to be faced in 2030 according to the report are as follows:
- Violence and Conflict
- Discrimination and Inequality
- Disinformation and Freedom of Expression
- Climate Change and Loss of Biodiversity
- Lack of food, water and housing
- Health and Disease
- Lack of Decent work and opportunities
- Political Participation and Democratic Principles
- Artificial Intelligence and New Technologies
- Traditions and Culture at risk
Climate change and biodiversity loss were the top concern in the Asia and Pacific region. The Asia Pacific respondents of the survey highlighted natural disaster risk, localised impacts and importance of culture as the other major challenges. The top solutions to address the concerns in Asia Pacific are as follows:
- Effective Health education
- Sharing of research and scientific knowledge
- Effective international cooperation
- Ensuring a health relationship with nature
- Ensuring access to reliable and accurate information
The top challenge in Sub-Saharan Africa, Arab states, Eastern Europe, Latin America and the Caribbean was also Climate change and biodiversity.
- UNESCO is United Nations Educational, Scientific and Cultural Organisation.
- It was established in 1945.
- The headquarters of UNESCO is located in Paris, France.
- Some of the major initiatives of UNESCO are as follows:
- World Heritage List: UNESCO is responsible in providing the tag, “World Heritage Site” to a place. According to UNESCO, there are 1,121 World Heritage sites located in 167 countries.
- Man and the Biosphere Programme: The programme aims to establish biosphere reserves. There are currently 701 biosphere reserves located in 124 countries. India has 18 biosphere reserves. Of these eleven have been recognised by the Man and the Biosphere Programme.