News: The National SC-ST Hub (NSSH) Scheme is strengthening entrepreneurship among SC/ST communities through capacity building, mentorship, market access, and business accelerator programmes. About National SC-ST Hub (NSSH) Scheme The National SC-ST Hub (NSSH) Scheme promotes entrepreneurship and strengthens the capacity of SC/ST entrepreneurs. Initiative By: The scheme is a flagship initiative of the Ministry of Micro,… Continue reading National SC-ST Hub (NSSH) Scheme
Category: Factly – Indian Economy
This category contains all Current Affairs Factly Articles for Prelims, related to the Indian economy. You can find all relevant Economy updates on this page. This page is specifically useful for UPSC Prelims exam.
Lavender Cultivation
News: The Union Government and Nagaland discussed expanding lavender cultivation and agri-entrepreneurship under the CSIR Aroma Mission across the State. About Lavender Cultivation Lavender is a small, perennial aromatic herb shrub of the mint family (Lamiaceae), that is mainly grown for its flowers and essential oil. It was introduced in the temperate regions of Jammu &… Continue reading Lavender Cultivation
India’s First Private Point-in-Space (PinS) Instrument Approach Procedure
News: The Ministry of Civil Aviation approved India’s first Private Point-in-Space (PinS) Instrument Approach Procedure for helicopter operations at Undavalli Heliport. About India’s First Private Point-in-Space (PinS) Instrument Approach Procedure Private Point-in-Space (PinS) is India’s first private satellite-based instrument approach procedure that enables safe and precise helicopter operations at heliports without conventional landing infrastructure. Operations at: It… Continue reading India’s First Private Point-in-Space (PinS) Instrument Approach Procedure
Miniratna Category-I Status to MECON
News: The Ministry of Steel has approved the grant of Miniratna Category-I status to MECON Limited. About Miniratna Category-I Status to MECON Mecon Limited has been granted the status of Miniratna Category-I. This status provides enhanced financial and operational autonomy to the Board of MECON Limited. The government grants the status of Maharatna, Navratna and… Continue reading Miniratna Category-I Status to MECON
SHE-LEAPS Platform
News: SHE-LEAPS was launched on June 29, 2026, during the Rashtriya Gramin Vikas Sammelan in New Delhi to support rural women entrepreneurs. About SHE-LEAPS Platform Full form: SHE-LEAPS stands for ‘Self-Help Entrepreneur-Livelihoods and Enterprise Application for Prosperity and Sustainability’. It is a digital platform that empowers Self-Help Group women through enterprise creation, livelihood support, and performance… Continue reading SHE-LEAPS Platform
1994 Upper Yamuna Water Agreement
News: Haryana and Rajasthan signed an agreement to implement the long-pending Yamuna Water Project under the 1994 Upper Yamuna Water Agreement. About 1994 Upper Yamuna Water Agreement The 1994 Upper Yamuna Water Agreement is an inter-state pact for sharing the utilisable surface waters of the Upper Yamuna Basin. Signatory States: The original Memorandum of Understanding (MoU)… Continue reading 1994 Upper Yamuna Water Agreement
Scheme for Strengthening of Medical Device Industry (SMDI)
News: The Department of Pharmaceuticals, Ministry of Chemicals and Fertilisers, has invited applications from eligible entities under the Scheme for Strengthening of Medical Device Industry (SMDI). About the Scheme for Strengthening of the Medical Device Industry (SMDI) About: It is a scheme to boost the medical device industry in India. Launched by: It was launched by… Continue reading Scheme for Strengthening of Medical Device Industry (SMDI)
New GI Tag Crops of Madhya Pradesh
News: Four traditional crops of Madhya Pradesh have received the Geographical Indication (GI) Tag, providing legal recognition to their authenticity, quality, and traditional agricultural heritage. About New GI Tag Crops of Madhya Pradesh Four traditional crops of Madhya Pradesh have received the Geographical Indication (GI) Tag. They are Sitahi Kutki (Sitahi Minor Millet), Nagdaman Kutki (Nagdaman… Continue reading New GI Tag Crops of Madhya Pradesh
Hub-and-Spoke Aviation Model
News: India launched its first ‘Easy Connect’ flight under the Hub-and-Spoke Aviation Model from Varanasi to New Delhi. About Hub-and-Spoke Aviation Model Hub-and-Spoke Aviation Model is an aviation model that connects smaller airports, called spokes, with major airports, called hubs, to enable seamless international travel. The Spokes: The spoke airports serve as the starting point of the… Continue reading Hub-and-Spoke Aviation Model
RBI’s New Fraud Compensation Mechanism
News: The Reserve Bank of India introduced a revised fraud compensation mechanism for small-value digital payment frauds, effective from January 1, 2027. About RBI’s New Fraud Compensation Mechanism RBI’s New Fraud Compensation Mechanism is a revised framework that provides compensation to eligible victims of fraudulent electronic banking transactions involving losses up to ₹50,000. The new framework builds… Continue reading RBI’s New Fraud Compensation Mechanism
