Key Fact Statement (KFS)
- Reserve Bank of India has mandated that all regulated entities provide a KFS to retail and MSME borrowers.
- About KFS
- It is a document that clearly explains lending terms and has key information regarding a loan agreement in a simple and easy-to-understand format.
- It enhances transparency in lending and enables customers to make informed decisions.
- Tags :
- MSMEs
- Reserve Bank of India
- KeyFactStatement
Initiatives under PMFBY
- Union Government launched 3 new initiatives under Pradhan Mantri Fasal Bima Yojana (PMFBY).
- PMFBY is comprehensive crop insurance from pre-sowing to post-harvest period.
- Krishi Rakshak Portal and Helpline (KRPH) 14447: To provide multilingual support, transparent communication and real-time grievance resolution.
- Learning Management System (LMS) to train stakeholders in efficient crop insurance and agricultural credit.
- SARTHI Portal: To extend coverage to health, life, home, shop, agriculture implements, motor, and parametric products.
- SARTHI is a digital insurance platform launched in collaboration with UNDP India.
- Tags :
- PMFBY
- SARTHI Portal
Kaladan Multi-Modal Transit Transport (KMTT) Project
- Myanmar rebel’s capture of Paletwa town adversely impacts the KMTT project.
- About KMTT Project
- Aims to provide connectivity between India and Myanmar from Ports on India’s eastern seaport to Myanmar’s Sittwe Port, and further to North East India.
- 4 stages –
- Kolkata to Sittwe port via the Bay of Bengal.
- Sittwe to Paletwa inland (River Kaladan).
- Paletwa to India-Myanmar border post in Mizoram.
- Border to Lawngtlai in Mizoram (NH 54).
- Significance: Improved access to Southeast Asia, improved connectivity to north-eastern states, etc.
- Tags :
- Kaladan Multi-Modal
- Myanmar
- KMTT Project
Conservation Reserve
- Telangana’s State Board for Wildlife (SBWL) approved the corridor area between Tadoba-Andhari Tiger Reserve and Kawal Tiger Reserve as a conservation reserve.
- SBWL is established under the Wildlife (Protection) Amendment (WPA) Act, 2002, headed by Chief Minister or Administrator in case of UT.
- About Conservation Reserve:
- A protected area under the ‘Wildlife (Protection) Act (WPA), 1972’ (added through the WPA Act of 2002).
- Acts as buffer zone to or connectors and migration corridors between national parks, wildlife sanctuaries and protected areas.
- Declared by the State Government, after consulting with the central government and the local communities.
- It is administered with the help of the Conservation Reserve Management Committee.
- Tags :
- Conservation Reserve