National Bank for Agriculture and Rural Development (NABARD) is one of the most prestigious banking institutions in India. It provides ample opportunities for job seekers to join as Grade A officers in various departments such as RDBS, Rajbhasha, IT, Legal and more. Aspirants who are looking to join NABARD as Grade A Assistant Managers have to clear the NABARD Grade A examination. The NABARD Grade A examination is a competitive exam, with thousands of aspirants competing for a few hundred vacancies every year.

Chasing your dream while working may sound tough, especially when you know that your major competition is devoting full-time. However, it is always the fear that stands between you and your dream job. The recruitment exam for the prestigious “NABARD Grade “A” Officer” is around the corner, and here are NABARD exam tips for working aspirants. Hence, candidates must have a solid study plan for the NABARD exam to ensure success. So, stay tuned for insightful guidance to optimize your preparation journey as a working aspirant and suitable NABARD Grade A preparation tips.

The Constraints You Have

There are a few things you need to accept first. Time is the major constraint you have. You can’t devote the whole day to one concept like many of your peers. So, you need to be efficient and smart in this regard. Whatever time you can manage after working hours, needs to be properly utilized.

Another major constraint you have is the lack of energy after long hours of office and travel. But you have to tweak your mind accordingly so that it works at its full capacity. Just remember, this is a game of a few months. The one who is persistent can never be bogged down. 

The Blessings in Disguise

Enough about the problems at hand, Let’s now see how your current job can be of help in your journey towards NABARD. As you have a paucity of time, you will be limited to a few solid sources. That’s exactly what is needed for almost all competitive exams. Stick to a few sources and revise them regularly. 

Secondly, during the exam, you won’t lose nerves as you have financial stability and job security at your hand. Moreover, if you will clear this exam then you will avail yourself of a great NABARD Grade A salary package.

Last but not the least- your problem-solving acumen. A few years of a job must have sharpened your problem-solving skills, and that will be put to work when you are solving concept-based MCQs where you don’t need to select, but eliminate the wrong options. 

We have to admit that preparing for such a competitive exam may get boring sometimes due to the breadth and depth of the syllabus. However, it won’t be the case for working aspirants as you have something else to do to keep monotony at bay.  

NABARD Grade A: The Study Plan

Let’s now discuss the elephant in the room. We are assuming that you are aware of the NABARD Grade A Syllabus and exam pattern. If you are not, please keep yourself updated. Here is a sample timetable that may interest you.

Before Work– (6:30 a.m. -8:30 a.m.)– This period is the most fertile period in a day as your mind is fresh right after a good night’s sleep. Try to cover new concepts in this period. Agriculture is something that gives nightmares to almost every NABARD aspirant. Try covering that in this period.

Commuting– While Commuting to and from Work, you can read Current Affairs or watch related Videos. It is also a good time to revise something you read recently.

After Work- (7 p.m. – 10 p.m.)– This is one tricky period. As already mentioned, you need to tweak your mind to be able to focus in this period. You may feel exhausted or out of energy. But, remember that there is no worse feeling than giving up now and regretting later. So, try studying a completely new concept in this period. The learning process of something new will freshen up your mental faculties earlier than you imagine. 

The Weekends– It is expected of you to give at least 8 hours each on the weekends. You may read new concepts or try QRE. There is no limit for Saturdays and Sundays. These two days also make a perfect time to attempt Mocks and analyse them.

NABARD Grade A Examination Preparation Tips

Achieving success is never by chance; it stems from careful planning and executing tasks at the right time. If you aspire to crack the esteemed NABARD Grade A exam, the moment to commence your preparation is at hand. The essential factor is to establish a well-structured study plan for NABARD exam that covers the entire NABARD Grade A syllabus and includes all the significant topics anticipated in the exam.

Make a Study Plan:
The first step in preparing for the NABARD Grade A examination is to make a study plan. The study plan should be realistic and achievable. As working aspirants, candidates should dedicate a few hours every day for the preparation. Candidates should plan their preparation by dividing their time for each section, focusing more on the weaker sections.

Understand the Examination Syllabus (as mentioned above):
Candidates should understand the syllabus and exam pattern before they start their preparation. Understanding the syllabus and exam pattern will help the candidates to plan their preparation accordingly.

Collect Study Material:
Collecting relevant study material is the next important step in the preparation. Candidates can purchase books and materials from reputed publishers and enroll themselves in NABARD GRADE A online course. A few recommended books are ‘Agriculture at a Glance’ by R.K. Sharma, ‘Indian Economy’ by Ramesh Singh, ‘Verbal and Non-Verbal Reasoning’ by R.S. Aggarwal, etc.

Stay Updated:
The General Awareness section is one of the most important sections in the examination. Candidates should keep themselves updated with the latest current affairs by reading newspapers, and following Beepedia and online sources. They should also follow reliable news channels and websites to stay updated.

Mock Tests and Previous Year Question Papers:
Taking NABARD Grade A mock tests and solving NABARD Grade A previous year question papers is a great way to assess the preparation level. Candidates should take at least one mock test every week and analyze their mistakes. Solving previous year’s question papers will help them understand the examination pattern and the type of questions asked in the examination.

Time Management:
Time management is the key to cracking the NABARD Grade A examination. Aspirants should learn to manage their time effectively and efficiently. They should learn to prioritize their tasks and complete them within the given time frame.

Take Breaks:
Working aspirants should also take breaks from their studies, to avoid stress and mental fatigue. They should regularly indulge in activities that interest them, like reading books, watching movies, playing sports, or spending time with family and friends.

Conclusion:

Preparing for the NABARD Grade A examination is not an easy task, especially for working aspirants. But with proper planning, dedication, and hard work, it is achievable. The key to cracking the examination is to be consistent in the preparation and staying motivated throughout the journey. Candidates should not compromise on their work-life balance and should learn to manage their time efficiently. With these simple yet effective tips, working aspirants can crack the NABARD Grade A examination and achieve their dream career.

Also you need to understand that there is no perfect strategy. It is YOU, who will make a Strategy Perfect for yourself. Always bank on your Strengths and work on your weaknesses. We, at Ixambee, can guide you in the best possible way to make you able to recognize your strengths & the areas for improvement. A positive mind with the right plan has done wonders and will continue to do so. We wish you all the best for your Exams.

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Every year lakhs of students try their luck in the NABARD Grade “A” Officer recruitment exam. However, only a handful get through. In this era of cut-throat competition, doing what everyone is doing is never enough, we have to go the extra miles to reserve a seat. Whether you are writing for the first time or you have written a few attempts, you are always prone to mistakes. With the release of the NABARD Grade A Notification 2024, aspirants would definitely be keen on preventing any mistakes that will make their NABARD Grade A preparation go awry. That’s why we have compiled some important mistakes that you need to prevent if you are preparing for NABARD Grade A Exam. By preventing these mistakes, you can step forth in your NABARD Grade A preparation and pass the exam effortlessly. So let’s try learning from some common mistakes that aspirants preparing for the NABARD Grade A exam usually make. Here are the Top 10 mistakes an aspirant must avoid if they want to clear the NABARD Grade A Exam with flying colors.

1. Ignoring the Previous Year Questions

This is one mistake no aspirant can afford. If you don’t know where you are coming from, you can never appreciate where you are leading. Previous Year Questions not only give you an idea of the level of the paper but also let you understand your strengths and weaknesses. You can make use of resources like ixamBee’s NABARD Grade A Previous Year Papers. These papers are actual exam papers which you can use to prepare for the exam. The questions in these papers are ones which have already been asked. So learning them means you get to learn that topic and you will be prepared for any unexpected surprises in the NABARD Grade A Exam 2024.

2. Focusing One at a Time

NABARD Grade “A” Exam is not like the conventional University Exams. So, focusing on one phase at a time is not a good idea. You will have a maximum of 20 days between Phase 1 and Phase 2. So, preparing holistically for all the phases is wise. The inclusion of Economic & Social Issues (ESI) and Agriculture & Rural Development (ARD) in both phases is another reason for holistic preparation. Make sure you avoid centralizing your preparation and strategize your planning accordingly.

3. Over-doing ARD

The ARD section is something new for everyone. The past year performance shows that there is an inherent fear for the ARD Section. In order to compensate for that fear, aspirants often overdo the ARD Section and neglect other important parts like Quants, Reasoning, English, etc. Check out some practice questions or online resources along with study materials from experts in the field to get an idea of what this section is about. But don’t press the panic button.

4. Ignoring QRE

Though the Economic & Social Issues (ESI) and Agriculture & Rural Development (ARD) sections form a major part of the syllabus, ignoring Quant, Reasoning, and English may crush your dreams by stopping you at Phase 1. The QRE section accounts for 40% of Phase 1 and one can never dream of becoming a Grade “A” officer neglecting this 40%. As we mentioned earlier, ignoring a section or lessening preparation in one topic is not a good idea. You need to be prepared for any unexpected surprises in this regard.

5. Not practicing Mocks

Ignoring Mocks for both phases can cost you dearly. Mocks will prepare you to keep your cool during the exam. It will give you an honest analysis of your strengths and weaknesses during the preparation period. ixamBee’s NABARD Grade A Mock Tests are an excellent resource in this regard. You will get all the important topics you need from these mock tests. Another brilliant aspect of this is that it is created from actual exam papers and by experts in NABARD who have actually cleared these exams. It’s a failsafe that will give you plenty of preparation room.

6. Overlooking Schemes & Reports

 The government’s flagship Schemes and major reports are a big risk to leave unattended. Over the past few years, there were many questions from Government Schemes, major Reports, and Indices. This is an important factor you need to be aware of. Along with that gather all the important resources regarding current affairs and general knowledge. You can utilize ixamBee’s BeePedia to help you in the General Awareness section.

7. Neglecting Descriptive English

This where many serious aspirants, after giving years of hard work, are forced out of the race. Descriptive English accounts for half of Phase 2 and it can make or break your chances. It is the most ignored section in the examination process and having a command here will be an added advantage. Do not underestimate the value of this paper as some of the questions in this subject are directly related to NABARD and you need to be prepared for them.

8. Undermining Bio-Data form 

The Interview at NABARD hovers around your Bio-Data form. People often underestimate the importance of filling the Bio-Data form carefully and not preparing well on the potential questions from Bio-Data. In a race, where even 0.25-mark matters, you should be vigilant to check all the loopholes. It’s always a good idea to be ready for unexpected surprises in the exam.

9. Not attending Mock Interviews

Attending Mock Interviews should be one major part of your Interview Preparation. It will let you know of the areas of improvement as you will be judged by an expert panel. Giving mock interviews also instill a higher degree of confidence to face the real interview. So don’t take the mock interviews with a pinch of salt. They are very much an important aspect of the exam.

10.   The Negative Mindset

Last but not the least, fearing the exam process or the competition is one of the most common mistakes done by aspirants. Mostly, we are not aware of our capabilities till the time we are not put to a test. A negative mindset will hamper your chances. A Positive person with the right skills and strategy is all that is needed to crack the exam.

Only a fool learns from his own mistakes. The wise man learns from the mistakes of others -Otto Von Bismarck. We hope you keep the above points in mind while preparing for the prestigious NABARD Grade A exam. For complete guidance from Phase 1 to the Interview stage, feel free to get in touch with us. 

Summing Up

The NABARD Grade A is an important exam for those keen on government jobs. That’s why you need to make use of all the resources available to you for preparing for the exam. By avoiding these common mistakes, you get the chance to clear your exam effortlessly. You can also plan your exam preparation better and prevent any unpleasant surprises when you plan the exam preparation for NABARD Grade A better.

To help you prepare 50% faster for competitive exams, ixamBee provides free Mock Test Series and all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI Grade B, NABARD, and Other Government Jobs.    

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NABARD Grade A Notification 2024: Everything You Need to Know 

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Recap of Stimulus

The total stimulus from the side of the Central government amounts to Rs 17.7 lakh crore (9% of GDP) and the Reserve Bank of India has chipped another Rs 12.71 lakh crore (6% of GDP) to the government’s effort. 

AatmaNirbhar Package 3.0

The third stimulus package consists of 12 key components catering to various sectors of the economy. Here is the detailed information of each component-

AatmaNirbhar Bharat Rozgar Yojana

A new scheme- AatmaNirbhar Bharat Rozgar Yojana has been launched to incentivize job creation during the pandemic. As the job losses are mounting, this is expected to reduce the pressure of the employers who are onboarding new manpower during this tough time. The beneficiaries of the scheme are- 

The central government will provide subsidy for the newly joined employees on the following scale:

The scheme is active from 1^st October 2020 and will last till 30^th June 2021.

Emergency Credit Line Guarantee Scheme

The existing credit line for MSMEs, businesses, MUDRA borrowers and individuals (loans for business purposes), has been extended till March 31, 2021.

A Credit guarantee support scheme ECLGS 2.0 has been announced for the Healthcare sector and 26 stressed sectors. Entities will be entitled to extra credit up to 20% of outstanding credit with a tenor of five years, including a 1-year moratorium on principal repayment. This scheme will be available till 31^st March 2021.

Production Linked Incentive

Production Linked Incentives Scheme will now cover 10 more champion sectors with an aim at boosting the competitiveness of domestic manufacturing. This is expected to give a big boost to the economy, investment, exports and job creation. Rs 1.46 lakh crore has been earmarked for this scheme for the next five years.

An additional outlay for PM Awas Yojana – Urban

An additional outlay of Rs 18000 crore has been extended to PMAY– Urban over and above Rs. 8000 Crore already allocated this year. This aims at building 12 Lakh houses and complete 18 Lakh houses, create additional 78 Lakh jobs and indirectly boost consumption of steel and cement, resulting in a multiplier effect on the economy.

Relaxation of Earnest Deposit Money & Performance Security on Government Tenders

Performance security on contracts has been reduced from 5-10% to 3%. This move is expected to provide relief to hundreds of contractors whose money otherwise remains locked up. This will be extended to all the continuing contracts and PSEs. The Bid Security Declaration will replace EMD for tenders, and the relaxations will be valid till 31^st December 2021.

Note: EMD or Earnest Money Deposit – To ensure that a Bidder does not submit a Dummy Bid or back out at the time of tender opening, Government Department collects a small refundable fee from each bidder, which is called EMD.

Income Tax relief for Developers & Home Buyers

The differential between circle rate and agreement value in real estate income tax under Section 43 CA of IT Act has been increased from 10% to 20%. This is applicable in case of sale of residential units up to ₹ 2 Crore. The Income Tax relief provides an incentive to the middle class to buy homes.

A platform for Infra Debt Financing

The central government will create a Rs 6,000 Crore equity investment in debt platform of National Investment and Infrastructure Fund (NIIF). This will help NIIF provide a debt of ₹ 1.1 Lakh Crore for infrastructure projects by 2025.

Support for Agriculture: ₹65,000 Crore for subsidized fertilizers

The distressed agriculture has received a decent lifeline in terms of fertilizer subsidy. Looking at the growing demand for fertilizer, the government has given Rs 65,000 crore as an additional outlay for fertilizer subsidy to farmers.

Rural Employment

Pradhan Mantri Garib Kalyan Rozgar Yojana has received Rs 10,000 Crore as an additional outlay. This aims at boosting the rural economy.

Boost for Project Exports

Rs 3,000 Crore boost is being provided to EXIM Bank for promoting project exports under Indian Development and Economic Assistance Scheme (IDEAS Scheme). This has been provided to boost exports from India.

Capital and Industrial Stimulus

Rs 10,200 Crore additional budget stimulus is being provided for capital and industrial expenditure on domestic defence equipment, industrial infrastructure and green energy.

R&D grant for COVID Vaccine

The economic cost of the COVID-19 pandemic is not hidden to anyone. As the infection count is growing day by day, a vaccine is the only way out of this situation. The AatmaNirbhar Package 3.0 has extended funding for the development of indigenous COVID vaccine. Rs 900 Crore has been allocated to the Department of Biotechnology for Research and Development of Indian COVID Vaccine.

More details about the AatmaNirbhar Package 3.0 is in the video below-

Also enhance your RBI Grade B exam preparation by joining our exclusive RBI Grade B course.

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Before diving straight to the story, we must be well-aware of the peripherals. As the story revolves around delisting, let us first understand how listing and delisting work in stock exchanges.

Listing in a Stock Exchange

As the name suggests, listing depicts the process by which a Company includes its shares in any Stock exchange for open trading. You must have seen the rolling tickers of some companies and their prices on certain News channels. Those companies’ shares are listed in one stock exchange, and their value depends on trading by multiple shareholders and brokers.

Companies list themselves for primarily three reasons-

Easy Access to Capital

Listing in a stock exchange enables a Company a huge pile of capital from the public. This may boost the Company’s growth. 

Transparency & Efficiency

By listing, the Company has to adhere to all the rules and regulations prescribed by the Security and Exchange Board of India (SEBI). It leads to tremendous transparency and efficiency in the Company’s day-to-day operations. 

Visibility

Listing in a stock exchange increases the participation from the common public, and this leads to greater brand visibility. It sometimes works as an indirect way of advertising. Getting listed also gives significant credibility to the brand.

Delisting from a Stock Exchange

Delisting refers to the removal of a Company’s stock from a Stock exchange. Delisting happens in two cases- voluntary delisting and forcibly delisting by SEBI. SEBI delists companies from Stock exchanges upon non-adherence to rules and regulations. However, Companies often delist voluntarily for many reasons. Delisting means that the shares of the Company will no longer be available in the Stock Exchange to trade, and it has to solely depend on the promoters for all its Capital requirement. Here are certain reasons Companies go for voluntary delisting-

Expenses

Companies often find that the listing, compliance and trading expenses are too big to afford. 

SEBI’s Surveillance 

A stock exchange-listed Company has to follow all the rules and guidelines of SEBI, and it has to be under constant surveillance of the market regulator. This may negatively impact the Company’s decision making and efficiency. 

Annual Reports & Shareholding Details

In order to save the interest of the minority investors and bring transparency in the way of dealing, the SEBI mandates the listed Companies to disclose their annual reports and shareholding pattern in public. 

Vedanta’s Story

Vedanta Resources is a global diversified metals and mining company, and it is headquartered in London. In May 2020, it announced its plan to be delisted from Indian bourses. It should be noted that Vedanta Resources had successfully delisted its shares from the London Stock Exchange in 2018. 

As per SEBI’s guidelines, delisting can happen only with the approval of owners of at least 90% shares. In order to achieve this target, Companies do the Reverse Book Building. 

Reverse Book Building refers to the process in which a Company decides on the price that needs to be paid to public shareholders for buying back. Only after receiving confirmed biddings from the public shareholders, the Company can go for delisting from exchanges. In this process, the Company needs to buy the shares from the public shareholders at a price desired by the latter.

In Vedanta’s case, the Company fixed the delisting offer at Rs 87.5 per share in May when the value per share was hovering around Rs 70 per share. However, not all the shareholders agreed on this price. One of the major shareholders- LIC, with a whopping 6.37% stake in the Company asked Rs 320 per share. 

This fixation of the price at this high led to higher asking price by other shareholders. Most of the shares got bidding above Rs 170. As mentioned earlier, Vedanta had to show confirmed bidding of at least 90% shares. Take a look at the shareholding pattern of Vedanta Resources given below.

Out of the required 134 crore shares, Vedanta could only manage to get confirmed biddings of 125 crore shares. This technically failed the whole delisting process. Vedanta Resources later asked SEBI for a few more days as it alleged of some technical glitches on the last day. However, SEBI decided to close the process without giving any additional window to Vedanta Resources.

Also to have a detailed insight into the topic, watch the video below-

Also you help you out for SEBI Grade A exam preparation we have come out with an exclusive SEBI Grade A online Course. Do check it out.

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IMF’s World Economic Outlook

Recently, the International Monetary Fund (IMF) has come up with its flagship report- the World Economic Outlook. The outlook gave a few important predictions about the overall global economy and various other individual economies, including the Indian economy. Before knowing the details of this year’s report, let us first learn more about the IMF and its World Economic Outlook.

World Economic Outlook

World Economic Outlook is a survey that is conducted twice every year by the International Monetary Fund (IMF). The main objective of the report is to give an analysis of global economic developments and provide predictions for the worldwide economy as well as the economy of several nations. The two publications of this outlook come in April and October.

International Monetary Fund

IMF was created in 1945 with the aim to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty. It has membership from 189 countries, and it is headquartered in Washington, D.C., USA. It is one of the Bretton Woods institutions. 

WEO, 2020 Report was released earlier this month. The theme of the report was ‘A Long and Difficult Ascent’. As per the predictions of the outlook, the global economy would contract by 4.4% during the current Financial year. However, in the next Financial Year, it may bounce back by 5.2%.

The outlook took a note of the on-going pandemic and predicted its impact as well. It said that the pandemic might push 90 million more people to the poverty line across the globe. It should be noted that the international poverty line fixed by the IMF stands at $1.90 per day.

The outlook also projected the cumulative losses because of the pandemic to be around $11 trillion over 2020-21.

World Economic Outlook on India

The World Economic Outlook on its projections on the Indian economy stated that during the current FY, it might contract by 10.3%. However, it will be bouncing back at 8.8% growth over the next FY, as projected by the report.

Bangladesh to Surpass India in Per Capita GDP

One of the major projections of the World Economic Outlook that caught the attention of many is the comparison between the Per Capita GDP of India and Bangladesh. The outlook predicts that the per capita GDP of Bangladesh is likely to surpass India’s per capita GDP during the current FY. 

As India’s GDP is predicted to fall by 10.3% and Bangladesh is predicted to have a growth of 4%, Bangladesh’s per capita GDP will reach $1888 surpassing India’s figure at $1877.

The Reasons behind India’s Fall

There are four primary reasons for the fall of India’s per capita GDP against Bangladesh’s per capita GDP- Bangladesh’s high industrial sector growth, greater social development, rise in exports, and low population growth. Over the past few decades, Bangladesh has been actively bringing labour and land reforms. In addition to these, it has brought down a paradigm shift into its social sector.

On the other hand, India has not been able to check its exponential population growth, and it is yet to show significant changes in its archaic labour laws. Though it has been improving on the ease of doing business index, the ground reality speaks differently.

World Bank’s Projection

As per the World Bank’s projection, the Indian economy would grow by 9.6% during the current Financial Year. The World Bank also echoed the global view on the aftermath of the pandemic. It said that the income shocks experienced by households and small urban service firms, and nation-wide lockdown are the two main reasons for India’s low growth projection. The World Bank also predicted that the Indian economy would grow by 5.4% during the next financial year.

RBI’s Projection

During the recently concluded 25th MPC meeting of the Reserve Bank of India, the Central Bank projected the Indian economy to be shrunk by 9.5% during the current FY. It also predicted that the growth of the Q1 of the next FY would be 20.6%.

Looking at the current economic situation, the RBI decided to keep the policy rate unchanged and maintain an accommodative stance for the whole year and into the next financial year. Here are the key policy rate details-

Also Check detailed information in the video below-

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Goa’s two districts- North Goa with 1.65 lakh rural households and South Goa with 98,000 rural households have now functional household tap connections. Let’s have a detailed information about Goa strategy that gave it ‘Har Ghar Ja’ status.

Goa’s 3-Pronged Strategy

According to the experts, Goa’s small size (areawise), the ready availability of water and high awareness even among the rural population are the few things that helped the state to achieve this feat. However, these fundamentals were not enough. The state administration adopted a three-pronged strategy described below-

Goa actively built the infrastructure for piped water connections under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). In addition to this, it set a target to achieve 100% piped water connection by 2021 and included this target in its State annual action plan. This helped the State to receive increased funding of Rs 12.4 crore for this purpose for the current Financial Year.

Lastly, Goa’s took advantage of various other schemes including Swachh Bharat Mission (Gramin) for increasing infrastructure of drinking water sources, water supply and greywater treatment.

Further Improvement

Reaching every rural household with piped water is not an end in itself. The State administration must take further steps for the smooth continuation of this feat and ensure good quality of piped water. 

As of now, the State has planned to set up 14 water quality testing laboratories accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). It also plan to have sensor-based service delivery monitoring system so as to monitor the functionality of the water supply. This would ensure an adequate quantity and prescribed quality of water supply.

The State will train five persons in every village, especially women, in using field test kits, thus empowering the most vulnerable gender and thus ensuring the water quality is tested locally by the rural households themselves.

Goa has become the first state to have achieved the 100% piped water coverage target under the ambitious Jal Jeevan Mission. Given below are some of the salient details of the flagship mission of the Jal Shakti Ministry.

Jal Jeevan Mission

Some Key Details-

Jal Jeevan Mission’s main aim is to ensure a Supply of 55 litres of water per head per day to every household in rural areas through Functional Household Tap Connections (FHTC) by 2024. It focusses on integrated demand and supply-side management of water at the local level by creating local infrastructure like rainwater harvesting, groundwater recharge and management of household wastewater for reuse.

This mission also mandates for a community approach to water by imparting extensive Information, Education and Communication at the local level.

Jal Jeevan Mission Dashboard

Source– Ministry of Jal Shakti

As per the current data on 17^th October 2020, almost 30% of rural households have been connected with tap water. Goa is the only state with 100% households with water tap connections, and there are only 16 districts in India with a 100% tap connection coverage in the rural households. 

After Goa, Telangana stands second with 98.38% of its rural households having water tap connections. The worst three performing states are West Bengal (2.62%), Meghalaya (4.38%), and Assam (4.60%).

Hope you enjoyed regarding the article and it is very important for exams like NABARD Grade A and B, RBI Grade B etc where question are often asked from various government schemes. As RBI Grade B 2019 result are out and recruitment for 2020 can be expected soon so we have launched an exclusive RBI Grade B course to ace your preparation.

Also stay tuned for more such informative article

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As soon as the whole country went to a complete lockdown, the Central Government announced Pradhan Mantri Garib Kalyan Package (PMGKP) worth Rs 1.70 lakh crore on 26^th March 2020. It was followed by another mega package of Rs 20 lakh crore (equivalent to 10% of India’s GDP) – the Aatma Nirbhar Bharat Package (ANBP). The primary aim of these two packages was to assist the severely-hit businesses and help the Indian economy to stand on its feet.

The Demand Boosting Package

On the continuation of the reforming measures, the Central Government has recently come up with another stimulus package with a special aim to boost consumer demand and stimulate investment. As there have been numerous job losses and closure of many small businesses, this package is surely a step taken in the right direction.

The reform package has been rolled out with two main objectives- boost Consumer Spending and enhance Capital Expenditure. Here are the details of the schemes that were introduced.

LTC Voucher Scheme         

Before diving into the details of this scheme, let’s learn about LTC first. Leave Travel Concession or LTC is given to the employees as a reward, wherein the employees can avail of a few days of leave for travelling, and travel expenses up to certain extent are borne by the employer.  

The Central Government allows all its employees to get LTC as the sum of fare expenses and leave encashment of 10 days (pay+DA). As the central government employees are not able to avail of LTC due to the on-going pandemic, it has come up with a scheme that allows the employees to utilize their LTC balances. 

The scheme allows the Central Government employees and PSBs/PSUs employees to receive money worth 3 times the fare and 1 time the leave encashment only if they agree to purchase non-essential goods attracting minimum 12% GST. The purchase also needs to be done at a GST-registered vendor. 

It is expected that the scheme would infuse a demand of Rs 28,000 crore if the same is followed by the State governments as well.

Special Festival Advance Scheme

Festival Advance was abolished on the recommendations of the 7th Pay Commission. However, looking at the current situation, the Central Government decided to reintroduce the Festival Advance Scheme. As per the scheme, the Central Government’s non-gazetted employees, as well as gazetted employees can ask for a one-time and interest-free advance of Rs. 10,000, to be spent by 31st March 2021.

This advance will be recovered on 10 instalments, and it will be provided to the employees through a pre-loaded RuPay card.

Special Assistance to the States

The COVID-19 pandemic has devastated the job market. There have been millions of job losses over the past few months from both the formal sector and the informal sector. The Central Government now aims at reviving the job market by making a decent capital expenditure. The expenditures that are occurred for the creation of physical or financial assets or depletion in financial liabilities are known as Capital Expenditure.

Under the current stimulus package, the Central Government has issued a special interest-free 50-year loan of Rs 12,000 crore to the States for Capital Expenditure. The loans will be disbursed in two parts. The first part must be spent by 31st March 2021 in order to be able to ask the second part.

Here are the details of the Rs 12,000 crore Loan–

Enhanced Budget Provisions

The Central Government will get an additional Rs 25,000 crore for Capital Expenditure during the current Financial Year. This amount will be an addition to the last approved budget of Rs 4.13 lakh crore. As per the provisions, the amount can only be spent on roads, defence, water supply, urban development and domestically produced capital equipment.

The Impact Of Rs 73,000 Crore Stimulus

As per the Finance Ministry’s estimation, the whole package will augment an additional demand boost of Rs 1 lakh crore. Since the beginning of the pandemic, the Central Government has come up with many stimulus packages and the Reserve Bank of India (RBI) has also been supporting the economy to recover by adhering to an accommodative stance in its Monetary Policies. Like the Finance Minister said that the Central Government employees didn’t feel any major financial impact of the pandemic, it is now their turn to contribute to reviving the demand cycle in the country.

It is too early to measure the true impact of any package now. When the RBI itself expects the economy to contract by 9.5% during the current financial year, nothing is too much. The much detailed version of the article is explained in the video below-

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