The scheme will be implemented under the Ministry of Skill Development and Entrepreneurship. 

About PM-SETU

• Type: ₹60,000 crore centrally sponsored scheme. 
• Aim: To transform 1,000 Government Industrial Training Institutes (it is) across India into modern, industry-aligned training institutions.
• Implementation: PM-SETU will follow a hub-and-spoke model, with 200 hub ITIs linked to 800 spoke ITIs. 
  • Each hub will be equipped with advanced infrastructure, innovation and incubation centres, production units, training of trainer facilities, and placement services, while the spokes will extend access and outreach.
• Main Components: 
  • Introduce new, demand-driven courses and revamp existing ones in collaboration with industry;
  • Set up Special Purpose Vehicles (SPVs) with credible Anchor Industry Partners to manage clusters and ensure outcome-based training;
  • Create pathways for long-term diplomas, short-term courses, and executive programs;
  • Strengthen 5 National Skill Training Institutes in - Bhubaneswar (Odisha), Chennai (Tamil Nadu), Hyderabad (Telangana), Kanpur (Uttar Pradesh), Ludhiana (Punjab), as Centres of Excellence with global partnerships.

Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme has been extended till March 2026.

About RoDTEP Scheme

• Launched: January 2021 by Ministry of Commerce and Industry.
• Objective: To reimburse taxes, duties, and levies at central, state, and local levels that are not refunded under any other mechanism. 
  • Reduces hidden costs and make Indian exports more competitive in global markets.
• Scope: Covers taxes incurred during manufacture and distribution of exported products

‘We Rise’ (Women Entrepreneurs Reimagining Inclusive and Sustainable Enterprises) initiative was launched recently.

About We Rise Initiatives

• Launched by: NITI Aayog’s Women Entrepreneurship Platform (WEP) under its Award to Reward (ATR) initiativealong with DP World.
• Objective: To help women entrepreneurs, including women-led MSMEs, to scale their businesses globally through trade facilitation, mentorship, and strategic partnerships.

Ministry of Petroleum and Natural Gas informed about the occurrence of natural gas in the Sri Vijayapuram 2 well at 17 km from the shoreline on the east coast of the Andaman Islands.

• India’s Hydrocarbon Resource Assessment Study (HRAS) estimates hydrocarbon resources of 371 million Metric Tons of Oil Equivalent (MMTOE) in the Andaman-Nicobar (AN) Basin.
  • Geologically, the AN basin lies at the intersection of the Andaman and Nicobar Basins, part of the Bengal-Arakan sedimentary system. 
  • Tectonic setting at the boundary of the Indian and Burmese plates have created numerous stratigraphic traps conducive to hydrocarbon accumulation.
  • Earlier, gas has been discovered in adjacent basins along North Sumatra (Indonesia) and Irrawaddy-Margui (Myanmar). 
• The discovery aligns with India’s vision of establishing a Gas Based Economy by 2030 and increasing share of natural gas in its primary energy basket to 15 percent by 2030.
  • Currently, India’s natural gas production meets only around 50% of its demand with rest demand being fulfilled through imports.
    • Qatar, US and UAE are major sources of India’s Liquified Natural Gas (LNG) imports. 

Ministry of Mines releases State Mining Readiness Index (SMRI) 

About State Mining Readiness Index

• Objective: To capture State’s relative contribution in developing the country’s mining sector, promote mining sector reforms and assess State performance.
• Basis: The index evaluates States based on auction performance, early mine operationalization, exploration thrust, and sustainable mining practices related to non-coal minerals.
• Classification: States are classified into three categories based on their mineral endowment.
  • Top Performers in these categories are: 
    • A: Madhya Pradesh, Rajasthan, and Gujarat
    • B: Goa, Uttar Pradesh, and Assam
    • C: Punjab, Uttarakhand, and Tripura

Ministry of Mines classified limestone as a major mineral completely.

• Earlier limestone was classified as minor mineral as well as major mineral depending upon the end use.

About Major and Minor minerals

• Under the Mines and Minerals (Development and Regulation) (MMDR) Act, 1957, minerals are broadly classified in two categories, i.e. major minerals and minor minerals. 
• The major minerals cover fuel minerals consisting of coal, lignite, petroleum & natural gas and metallic minerals including atomic minerals and non-metallic minerals.  
• Minor minerals consist of materials such as marble, slate, shale etc. 
  • MMDR Act gives State Governments the power to make rules for minor minerals.

MAHA-MedTech Mission has been launched by the Anusandhan National Research Foundation (ANRF), in collaboration with the Indian Council of Medical Research (ICMR) and the Gates Foundation.

• ANRF has been established, through ANRF Act, 2023, as an apex body to provide high-level strategic direction of scientific research as per recommendations of the National Education Policy. 

About MAHA-MedTech Mission

• Aim: To accelerate innovation in India’s medical technology sector, reduce reliance on high-cost imports, and promote equitable access to affordable and high-quality medical technologies.
• Funding: Provide funding support to a wide range of entities including Academic and R&D institutions, Hospitals, Startups, MSMEs, MedTech industry and collaborations between entities.
  • Milestone-linked funding of ₹5–25 crore per project (and up to ₹50 crore in exceptional cases).
• Enabling Support: Through national initiatives such as Patent Mitra (IP protection and technology transfer), MedTech Mitra (regulatory guidance and clearances), a Clinical Trial Network (for clinical validation and evidence generation) etc.
• Technology Areas: Innovative medical devices and IVD (In vitro diagnostics) including High-end Frontier Technologies (Deep Tech like Imaging, Radiotherapy equipment, Robotics, minimal invasive technologies, implants, AI/ML enabled platforms & devices etc.).