Daily Current Affairs May 29
Table of Contents
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May 29| Daily Current Affairs 2023
Important Days – Daily Current Affairs May 29
1. On which date is World Hunger Day observed globally?
A) April 22
B) May 10
C) May 28
D) June 15
E) July 4
Answer: C) May 28
- World Hunger Day is observed on May 28 across the globe
- World Hunger Day was founded by The Hunger Project in 2011.
- First Ediiton: 2011
- Theme: Celebrating sustainable solutions to Hunger and Poverty
Menstrual Hygiene Day
- Menstrual Hygiene Day is observed annually on May 28
- Menstrual Hygiene Day was started by Germany-based NGO WASH United in 2013 when a 28-day social media campaign was launched to spread awareness around different aspects of menstruation.
- First Edition: May 28, 2014
- Theme: Making menstruation a normal fact of life by 2030
Sports – Daily Current Affairs May 29
2. Who won the Malaysia Masters in the men’s singles category?
A) Chen Long
B) KentoMomota
C) Lee Chong Wei
D) H.S. Prannoy
E) Lin Dan
Answer: D) H.S. Prannoy
PERODUA MALAYSIA MASTERS 2023
- Edition: 14th
- Held in : Axiata Arena, Kuala Lumpur, Malaysia
Category | Winner | Runner | ||
Name | Country | Name | Country | |
Men’s Single | HS Prannoy | India | Weng Hong Yang | China |
Women’s Single | Akane Yamaguchi | Japan | Gregoria Ma Tunjung |
Indonesia |
Men Doubles | Kang Min-hyuk&SeoSeung-jae | South Korea | Man Wei Chong& Kai Wun Tee | Malaysia |
Women Doubles | Baek Ha-na& Lee So-hee | South Korea | Tan Pearly& Thinaah Muralitharan | Malaysia |
Mixed Doubles | Dechapol Puavaranukroh& Sapsiree Taerattanachai | Thailand | Feng Yan Zhe& Huang Dong Ping | China |
3. Which team won the fifth IPL title by defeating the Gujarat Titans at the Narendra Modi Stadium in Ahmedabad?
A) Kolkata Knight Riders
B) Royal Challengers Bangalore
C) Mumbai Indians
D) Delhi Capitals
E) Chennai Super Kings
Answer: E) Chennai Super Kings
The 2023 Indian Premier League (Tata IPL 2023)
- Edition: 16th
- Date: 31 March 2023 – 29 May 2023
- Final Held: Narendra Modi Stadium in Ahmedabad, Gujarat
- Organised : Board of Control for Cricket in India
- Winners- Chennai Super Kings (CSK) (Captain: MS Dhoni) (Previous won : 2010, 2011, 2018, 2021)
- Runners-up- Gujarat Titans (GT) (Captain: Hardik Pandya)
Titles
AWARD | PLAYER / TEAM | PRIZE MONEY (IN INR) |
Striker of the Match | AjinkyaRahane | 1 Lakh |
Game Changer of the Match | Sai Sudharsan | 1 Lakh |
Most Valuable Asset of the Match | Sai Sudharsan | 1 Lakh |
Longest Six of the Match | Sai Sudharsan | 1 Lakh |
Catch of the Match | MS Dhoni | 1 Lakh |
Player of the Match | Devon Conway | 5 Lakh |
Emerging Player of the Season | Yashasvi Jaiswal | 10 Lakh |
Striker of the Season | Glenn Maxwell | 10 Lakh |
Game Changer of the Season | Shubman Gill | 10 Lakh |
Most Valuable Asset of the Season | Shubman Gill | 10 Lakh |
Most Boundaries in the Season | Shubman Gill | 10 Lakh |
Longest Six of the Season | Faf du Plessis | 10 Lakh |
Catch of the Season | Rashid Khan | 10 Lakh |
Fair Play Award | Delhi Capitals | |
Purple Cap | Mohammad Shami | 10 Lakh |
Orange Cap | Shubman Gill | 10 Lakh |
Pitch & Ground Award | Wankhede (Mumbai) & Eden Gardens (Kolkata) | 50 Lakh |
Business and Economy – Daily Current Affairs May 29
4. According to the National Sample Survey Survey (NSSO), what was the decline in the unemployment rate for persons aged 15 years and above in urban areas during January-March 2023 compared to a year ago?
A) 1.4%
B) 2.0%
C) 2.5%
D) 3.2%
E) 3.6%
Answer: A) 1.4%
- The unemployment rate for persons aged 15 years and above in urban areas declined to 6.8 per cent during January-March 2023 from 8.2 per cent a year ago, the National Sample Survey Survey (NSSO) showed.
- The unemployment rate in July-September 2022 and October-December 2022 was 7.2 per cent only. It was 7.6 per cent in April-June 2022.
- The unemployment rate (UR) for persons aged 15 years and above in April-June 2022 was 7.6 per cent in urban areas, the 18th Periodic Labour Force Survey (PLFS) showed.
In January-March 2022, the unemployment rate was 8.2 per cent. - Labour force participation rate in CWS (Current Weekly Status) in urban areas for persons aged 15 years and above increased to 48.5 per cent in the January-March quarter of 2023, from 47.3 per cent in the same period a year ago. It was 48.2 per cent in October-December 2022, 47.9 per cent in July-September 2022 and 47.5 per cent in April-June 2022.
- NSSO launched PLFS in April 2017.
- The WPR (in per cent) in CWS in urban areas for persons aged 15 years and above stood at 45.2 per cent in January-March 2023, up from 43.4 per cent in the same period a year ago. It was 44.7 per cent in October-December 2022, 44.5 per cent in July-September 2022 and 43.9 per cent in April-June, 2022.
5. Which company partners with GeM portal to offer taxi services to govt offices, agencies, PSUs at fixed price?
A) Ola
B) Lyft
C) Meru Cabs
D) Red Taxi
E) Uber
Answer: E) Uber
- Uber partners with GeM portal to offer taxi services to govt offices, agencies, PSUs at fixed price
- The company would provide the service at a fixed price with zero cancellation charges and no surge pricing.
- The company has registered at the portal of government e-marketplace (GeM), which was launched in 2016 by the commerce ministry for buying goods and services by central ministries and departments with a view to bringing transparency in government procurement.
- It will be a cashless/cardless ride of the officials; additional vehicle categories for government riders have been added — GeMYatraa Hatch, GeMYatraa Sedan; and there will be hourly rental for multiple-stops.
- Among central government ministries, the power ministry was the top buyer in 2022-23 from the platform. The ministry procured goods and services worth Rs 30,572.9 crore.
- GeM has over 63,000 government buyer organisations, over 62 lakh sellers and service providers offering a wide range of products and services.
- South Korea’s KONEPS is the largest such platform in the world. Currently, GeM stands at the third position after Singapore’s GeBIZ.
Appointments – Daily Current Affairs May 29
6. Who was sworn in as the Central Vigilance Commissioner by President DroupadiMurmu?
A) Praveen Kumar Srivastava
B) Rajendra Kumar
C) Ashok Kumar Gupta
D) Rameshwar Prasad Gupta
E) Sanjay Kumar Verma
Answer: A) Praveen Kumar Srivastava
- Praveen Kumar Srivastava was sworn in as the Central Vigilance Commissioner by President DroupadiMurmu.
- Srivastava was working as the acting Central Vigilance Commissioner (CVC) since December last year after completion of Suresh N Patel’s tenure as the chief of the probity watchdog.
- The Commission is headed by a CVC and can have a maximum of two vigilance commissioners.
- Former Intelligence Bureau (IB) chief Arvinda Kumar is the lone vigilance commissioner.
Srivastava is a 1988-batch (retired) Indian Administrative Service officer of Assam-Meghalaya cadre. He superannuated as secretary (Coordination), Cabinet Secretariat on January 31 last year. - During his tenure as special secretary and additional secretary in the Ministry of Home Affairs, he had handled matters relating to cadre management of the Indian Police Service, personnel and general administration of Central Armed Police Forces and Union territories.
- Srivastava had assisted the government in negotiations relating to trade in services under the World Trade Organisation (WTO) as director/deputy secretary, Department of Commerce. He also served as Chief Vigilance Officer in RITES Ltd and as joint secretary and Mission Director, Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
- The tenure of a CVC and the vigilance commissioner is of four years or till the incumbent attains the age of 65 years.
Central Vigilance Commission(CVC):
Formed: February 1964
Headquarters: New Delhi, Delhi
Central Vigilance Commissioner : Praveen Kumar Srivastava
7. Who was re-elected as the external auditor of the World Health Organisation (WHO) from 2024 to 2027?
A) Girish Chandra Murmu
B) Rajesh Kumar Singh
C) Ashok Kumar Sharma
D) Ramesh Chandra Gupta
E) Sanjay Kumar Verma
Answer: A) Girish Chandra Murmu
- Comptroller and Auditor General Girish Chandra Murmu was re-elected as the external auditor of the World Health Organisation (WHO) from 2024 to 2027.
- He currently has this position for a four year term and will serve till 2023.
- He assuming office as the Comptroller and Auditor General of India on August 8, 2020, Murmu was the first Lieutenant Governor of the Union Territory of Jammu and Kashmir.
- He had served in various capacities in the Indian government including Secretary of the Department of Expenditure, Special and Additional Secretary in the Department of Financial Services and Department of Revenue, and Joint Secretary in the Department of Expenditure.
- The CAG is a member of the United Nations Panel of External Auditors as well as the governing boards of the International Organization of Supreme Audit Institutions (INTOSAI) and ASOSAI. He chairs the INTOSAI Knowledge Sharing Committee, its working group on IT audit, and the Compliance Audit Sub-Committee.
WHO:
Abbreviation: The World Health Organization
Director-General : Dr TedrosAdhanom Ghebreyesus
Headquarters : Geneva, Switzerland
Founded: 7 April 1948
8. Who was sworn in as Nigeria’s president?
A) Bola Tinubu
B) Muhammadu Buhari
C) Goodluck Jonathan
D) NgoziOkonjo-Iweala
E) Olusegun Obasanjo
Answer: A) Bola Tinubu
- Bola Tinubu was sworn in as sixteenth Nigeria’s president.
- Tinubu, the former Lagos state governor and a member of Buhari’s party.
- He succeeds Muhammadu Buhari.
- The new president, the fifth since the return of democracy in 1999.
- KashimShettima Mustapha GCON is a Nigerian politician who is the 15th and current vice president of Nigeria.
Turkish President
- President RecepTayyip Erdogan won Turkey’s presidential election after defeating opposition leader Kemal Kilicdaroglu.
- With the win, Erdogan, 69, extended his power into a third decade.
- He was elected to his first term as president in 2014 after serving as prime minister since 2003.
Türkiye:
Capital: Ankara
Currency: Turkish lira
President: RecepTayyipErdoğan
Nigeria:
Capital: Abuja
Currency: Nigerian naira
President: Bola Tinubu
9. Who has been appointed as the Chief Justice of the Himachal High Court?
A) Justice Dipak Misra
B) Justice RanjanGogoi
C) Justice Mamidanna Satya Ratna Sri Ramachandra Rao
D) Justice N. V. Ramana
E) Justice Sharad Arvind Bobde
Answer: C) Justice Mamidanna Satya Ratna Sri Ramachandra Rao
- Justice M S Ramachandra Raohas been appointed as the Chief Justice of the Himachal Pradesh High Court. He will be succeeding Justice Tarlok Singh Chauhan, who has been serving as the Acting Chief Justice of Himachal Pradesh since April 2023.
- Justice SarasaVenkatanarayana Bhatti has been appointed as the Chief Justice of the Kerala High Court. He has been serving as the Acting Chief Justice of Kerala High Court following the retirement of Chief Justice S Mani Kumar.
- Justice Augustine George Masih has been appointed as the Chief Justice of the Rajasthan High Court. He replaces Manindra Mohan Shrivastava, who has been serving as the Acting Chief Justice of the Rajasthan High Court.
Awards – Daily Current Affairs May 29
10. Where were the 23rd International Indian Film Academy (IIFA) awards held?
A) Mumbai, India
B) New Delhi, India
C) Dubai, United Arab Emirates
D) Abu Dhabi, United Arab Emirates
E) London, United Kingdom
Answer: D) Abu Dhabi, United Arab Emirates
23rd International Indian Film Academy (IIFA) awards
- Held in Abu Dhabi, United Arab Emirates
Winners
- Best Film: Drishyam 2
- Best Director: R Madhavan for Rocketry: The Nambi Effect
- Best Actor in a Leading Role (Female): Alia Bhatt for GangubaiKathiawadi
- Best Actor in a Leading Role (Male):Hrithik Roshan for VikramVedha
- Best Actor in a Supporting Role (Female):Mouni Roy for Brahmastra: Part One – Shiva
- Best Actor in a Supporting Role (Male): Anil Kapoor for Jugg JuggJeeyo
- Outstanding Achievement for Fashion in Cinema: Manish Malhotra
- Outstanding Achievement in Indian Cinema: Kamal Haasan
- Best Adapted Story:AamilKeeyan Khan and Abhishek Pathak for Drishyam 2
- Best Original Story:Perveez Sheikh and Jasmeet Reen for Darlings
- Outstanding Achievement in Regional Cinema: Marathi film Ved directed by Riteish Deshmukh
- Best Debut (Male): Shantanu Maheshwari for GangubaiKathiawadi and Babil Khan for Qala
- Best Debut (Female):Khushali Kumar for Dhoka Around the Corner
- Best Playback Singer (Female): Shreya Ghoshal for the song Rasiya from Brahmastra: Part One – Shiva
- Best Playback Singer (Male):Arijit Singh for the song Kesariya from Brahmastra: Part One – Shiva
- Best Music Direction:Pritam for Brahmastra: Part One – Shiva
- Best Lyricist: Amitabh Bhattacharya for the song Kesarya from Brahmastra: Part One – Shiva
- Best Cinematography:GangubaiKathiawadi
- Best Screenplay:GangubaiKathiawadi
- Best Dialogue:GangubaiKathiawadi
- Best Choreography for title track:BhoolBhulaiyaa 2
- Best Sound Design:BhoolBhulaiyaa 2
- Best Editing:Drishyam 2
- Best Special Effects (Visual):Brahmastra: Part one – Shiva
- Best Background Score:VikramVedha
- Best Sound Mixing: Monica O My Darling
11. Which film won the Palme d’Or at the 76th Cannes Film Festival?
A) Anatomy Of A Fall
B) 27
C) The Zone Of Interest
D) Fallen Leaves
E) The Pot-Au-Feu
Answer: A) Anatomy Of A Fall
76th Cannes Film Festival
- Held in : Cannes, France
Winners
- Palme d’Or: Justine Triet for “Anatomy of a Fall”
- Grand Prix: Jonathan Glazer for “The Zone of Interest”
- Best director: Tran Anh Hung for “The Pot-au-Feu”
- Best actress:MerveDizdar for “About Dry Grasses”
- Best actor: Koji Yakusho for “Perfect Days”
- Best screenplay: Yuji Sakamoto for “Monster”
- Jury prize: Aki Kaurismaki for “Fallen Leaves”
- Camera d’Or for best first film:Thien An Pham for “Inside the Yellow Cocoon Shell”
- Best short film: Flora Anna Buda for “27”
Science and Technology – Daily Current Affairs May 29
12. Which satellite did SpaceX launch for the Saudi Arabia-based fleet operator Arabsat?
A) Badr-1
B) Badr-3
C) Badr-5
D) Badr-7
E) Badr-8
Answer: E) Badr-8
- Arabsat has launched the Badr-8 broadcast and telecoms satellite from Cape Canaveral Space Force Station, Florida.
- SpaceX’s Falcon 9 rocket lifted off the 4,500kg satellite lifted off from Florida and separated from the rocket in geosynchronous transfer orbit.
- The communications satellite will provide television broadcast services, video relay, and data services across the Middle East and North Africa, Europe, and Central Asia.
- Airbus Defence and Space built Badr-8 based on its Eurostar Neo platform.
- The satellite will join the Badr network at Arabsat’s orbital position of 26 degrees east, providing a wide range of services for television broadcasting, satellite communications, and information exchange in C and Ku frequency bands.
- Its investment in the Badr-8 programme totals about $300m, including the spacecraft manufacturing contract with Airbus, the launch agreement with SpaceX, insurance, and ground infrastructure.
- As a seventh-generation satellite, Badr-8 is based on the Airbus Eurostar Neo electric orbit raising platform.
- The satellite features the Airbus-developed TELEO optical communications payload demonstrator. This payload will enable high-capacity analogue optical feeder link communications capability.
SpaceX:
Headquarters: Hawthorne, California, United States of America
Founded: 6 May 2002
CEO: Elon Musk
13. Which organization successfully launched the NVS-01, a second-generation navigation satellite?
A) Indian Space Research Organisation (ISRO)
B) National Aeronautics and Space Administration (NASA)
C) European Space Agency (ESA)
D) China National Space Administration (CNSA)
E) Japan Aerospace Exploration Agency (JAXA)
Answer: A) Indian Space Research Organisation (ISRO)
- Indian Space Research Organisation (ISRO) successfully launched the GSLV-F12/NVS-01 mission from the second launch pad of SDSC-SHAR, Sriharikota. The mission deployed the NVS-01 navigation satellite, weighing about 2,232 kg, into a Geosynchronous Transfer Orbit.
- This was GSLV’s 15th flight.
- After the launch of Chandrayaan-3, Isro is also rushing to launch India’s sun mission, Aditya-L1, which is likely to be scheduled for August-September.
- The 51.7 m, 420 tonne, three-stage GSLV-F12 was the 15th flight of the GSLV and the 9th flight with an indigenous cryo stage. It was the sixth operational flight of GSLV with cryogenic stage.
- To meet the positioning, navigation and timing requirements of the nation, Isro has established a regional navigation satellite system called Navigation with Indian Constellation (NavIC).
- NavIC was earlier known as the Indian Regional Navigation Satellite System (IRNSS).
- NVS-01 will be a return flight mission for the GSLV launch vehicle, which will carry the next generation NavIC satellite.
- This satellite will replace the IRNSS-1G satellite launched in 2016.
- The IRNSS-1G satellite was the seventh navigation satellite of the seven satellites constituting the IRNSS space segment. Its predecessors—IRNSS-1A, 1B, 1C, 1D, 1E and 1F—were launched by PSLV-C22, PSLV-C24, PSLV-C26, PSLV-C27, PSLV-C31 and PSLV-C32 in July 2013, April 2014, October 2014, March 2015, January 2016 and March 2016, respectively.
- NavIC is designed with a constellation of seven satellites and a network of ground stations operating 24×7.
- Three satellites of the constellation are placed in geostationary orbit and four satellites are placed in inclined geosynchronous orbit. The ground network consists of a control centre, precise timing facility, range and integrity monitoring stations, two-way ranging stations, etc.
- The payload is also carrying an indigenously developed rubidium atomic clock developed by the Space Applications Centre, Ahmedabad
- NavIC offers two services — standard position service (SPS) for civilian users and restricted service (RS) for strategic users. These two services are provided in both L5 (1176.45 MHz) and S band (2498.028 MHz).
ISRO:
Abbreviation: Indian Space Research Organisation
Founded: 1969
Headquarters : Bengaluru, Karnataka
Chairman : S. Somanath
National Affairs – Daily Current Affairs May 29
14. Who inaugurated the new Parliament building in New Delhi, Delhi?
A) Narendra Modi
B) Rahul Gandhi
C) Manmohan Singh
D) Amit Shah
E) Sonia Gandhi
Answer: A) Narendra Modi
- Prime Minister Narendra Modi inaugurated the new Parliament building, seeking blessings from high priests of various ‘adheenams’ in Tamil Nadu with the holy sceptre in hand.
- He also installed the historic Sengol in the Lok Sabha chamber.
- The new Parliament building can comfortably seat 888 members in the Lok Sabha chamber and 300 in the Rajya Sabha chamber. In case of a joint sitting of both the Houses, a total of 1,280 members can be accommodated in the Lok Sabha chamber.
- The present Parliament building was completed in 1927, and is now 96 years old.
- This is same ‘Sengol’ which was accepted by India’s first Prime Minister Jawaharlal Nehru at his residence on the night of August 14, 1947, in the presence of several leaders.
- PM Modi also launched a special ₹75 coin to mark the inauguration of the new Parliament building.
- The coin is circular with a 44 mm diameter and it weighs around 35 grams. It has 200 serrations and is composed of 50 percent silver, 40 percent copper, 5 percent nickel, and 5 percent Zinc.
- One side of the coin will bear the image of the Lion Capital of the Ashoka Pillar in the centre, flanked by the word “Bharat” in Devanagari script and “INDIA” in English.
- The rupee symbol “₹” and denominational value “75” in international numerals will also be inscribed below the Lion Capital.
- The other side of the coin will bear the image of the Parliament Complex and the year “2023” in international numerals below the image.
- In 2006, the Parliament Museum was added to showcase the 2,500 years of rich democratic heritage of India.
Key Information
Foundation laid | December 10, 2020 |
Construction started | January, 2021 |
Total cost | ₹925 crore plus |
Total entry gates | 06 |
Name of entry gates | Makar & Hans (dedicated to water), Shardul& Garuda (dedicated to sky) and Ashva&Gaja (dedicated to land) |
Wood | Shagaun from Maharashtra |
Carpet in both chambers | Bhadohi (Uttar Pradesh) |
Stonework | Rajasthan |
Floorwork | Bamboo wood from Tripura |
Marble | Gujarat |
Design of Lok Sabha Chmaber based upon | National bird peacock |
Design of LokRajya Sabha chanber based upon |
National flower lotus |
In the centre of the building | National tree the Banyan (Ficusbengalensis) |
Length of corridor | 3.5 km |
Constructed by |
Tata Projects Ltd |
15. How long has the Atal BhujalYojana water scheme been extended for?
A) One year
B) Two years
C) Three years
D) Four years
E) Five years
Answer: B) Two years
- The Atal BhujalYojana (Atal Jal), India’s central sector water conservation scheme, will continue for an additional two years beyond its original 2025 end date, according to a decision made by the National Level Steering Committee (NLSC).
- The fourth meeting of the National Level Steering Committee (NLSC) of the Atal BhujalYojana was held in New Delhi recently under the Chairmanship of Secretary, Department of Water Resources, RD & GR, Ministry of Jal Shakti.
- The extension aims to make up for implementation delays due to covid-19 and to further community behaviour change initiatives.
- Atal BhujalYojana (Atal Jal) is being implemented as a Central Sector Scheme since April, 2020 in 8220 water stressed Gram Panchayats of 229 administrative blocks/Talukas in 80 districts of seven states, viz. Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh for five-year period (2020-25).
- It has focused on driving community behavioural change towards conservation and smart water management.
16. Who inaugurated the 1st Mining StartUp Summit at IIT Bombay in Mumbai, Maharashtra?
A) Narendra Modi
B) Nitin Gadkari
C) Ravi Shankar Prasad
D) Prahlad Joshi
E) Piyush Goyal
Answer: D) Prahlad Joshi
- Union Minister Prahlad Joshi inaugurates 1st Mining StartUp Summit at atIIT Bombay in Mumbai, Maharashtra.
- This first Mining Start Up Summit has 82 Start Ups and 140 participants
- The Summit will be mainly focusing on innovation and techniques that will support and improve the performance, safety and help in building autonomy in the field of mining and metallurgy.
- The summit will also be focusing on interaction with leading industries in the mineral exploration sector, financial institutions and banks.
Parliamentary Affairs, Coal and Mines:
Minister :Pralhad Joshi
constituency :Dharwad, Karnataka
17. What is the name of the housing scheme approved by the Odisha Cabinet?
A) “MO GHARA”
B) “Griha Shakti”
C) “SaralAwasYojana”
D) “AwasBandhu”
E) “NirmalKutir”
Answer: A) “MO GHARA”
- Odisha Cabinet chaired by Chief Minister Naveen Patnaik approved a new housing scheme called “MO GHARA” to provide financial assistance to meet the aspiration of the lower and lower middle-income households in rural areas.
- Financial implication for approximate 4 Lakhs Beneficiaries (1 Lakhs from eachLoanSlab) is expected to be Rs 2150 Crore over a period of two years.
- Under the Scheme, a beneficiary can avail housing loan upto Rs 3 Lakh which can be repaid in 10 years excluding 1 year moratorium period in easy installments. They can opt for one of the four slabs of the loan amount – Rs. 1 Lakh, 1.5 Lakh,2 Lakh and 3 Lakh.
- The family staying in a kutcha house or has one pucca room with RCC roof, the family which has either not availed any Government housing assistance or has availed assistance of below Rs 70,000 in the past would be eligible to avail the benefit under the scheme.
- Family with per-month income below Rs 25,000 family who does not possess a non-commercial motorized Four-Wheeler for personal use and does not have any member as a regular Government / PSU employee or drawing a monthly pension from Government / PSU and owns below 5 acres of irrigated land or below 15 acres non-irrigated land can also be covered under the scheme.
- Enhanced capital subsidy will be available to the vulnerable categories like SC/ST and PWD headed households.
- The cabinet decided to give a subsidy of Rs 40,000 to SC/ST. PWD headed households and Rs 30,000 to general category against loan amount of Rs one lakh, Rs 55,000 to SC/ST./PWD and Rs 45,000 to General category against loan amount of Rs 1.5 lakh.
- A subsidy of Rs 70,000 will be given to SC/ST/PWD and Rs 60,000 to general category beneficiaries against the loan of Rs 2 and 3 lakh.
- Banks will not charge any processing fee from the beneficiary for sanction of the loan.
- The state government waived off the registration fee and stamp duties required during mortgage of tittle deed to further reduce the financial burden for the beneficiaries.
- The charges for getting certified copies of relevant documents from the Sub-Registrar offices as required by bank for processing of loan applications under this scheme will also be waived.
- The legal consultation fee is also standardized to Rs 1,000- maximum, which State Government will reimburse to the banks.
- The beneficiaries can also avail support under relevant schemes of rural sanitation, drinking water, rural electrification if found eligible and not availed earlier.
- Loan will be released in 2/3 installments on achievement of pre-defined stage of construction.
- The beneficiary, if interested, can repay the loan amount earlier than the scheduled period of 10 years. They can also opt for paying higher EMls. No- prepayment charges will be imposed by bank for this period.
Odisha:
Capital : Bhubaneswar
Chief Minister – Naveen Patnaik
Governor – Ganeshi Lal
Over All Review
Important Days
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Sports
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Business And Economy
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Appointments
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Awards
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Science and Technology
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National Affairs
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