News: Researchers and farmers are now trying to restore traditional soppina betta lands and return to more sustainable practices related to arecanut cultivation. About Areca Nut Cultivation in India About Arecanut Cultivation It is usually referred to as Areca palm, yellow palm, butterfly palm etc. The arecanut palm is the source of a common chewing… Continue reading Areca Nut Cultivation in India
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.
Nd-Fe-B (Neodymium-Iron-Boron) Rare Earth Permanent Magnets
News: A pilot plant for Nd-Fe-B rare earth permanent magnets has been established at ARCI, Hyderabad to strengthen self-reliant manufacturing ecosystem. About Nd-Fe-B (Neodymium-Iron-Boron) Rare Earth Permanent Magnets Nd-Fe-B magnets are the strongest permanent magnets that can maintain high magnetic force without external power. Made up of: These magnets are made from Neodymium, Iron, and… Continue reading Nd-Fe-B (Neodymium-Iron-Boron) Rare Earth Permanent Magnets
Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0)
News: The Government of India has introduced CGSMFI-2.0 to increase credit flow to microfinance institutions and support small borrowers. About Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) CGSMFI-2.0 is a credit guarantee scheme that provides cover to banks against losses on loans given to MFIs for small borrowers. Launched in: The scheme was launched in… Continue reading Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0)
Revised Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME)
News: Recently, the Mutual Credit Guarantee Scheme (MCGS) has been modified to support Micro, Small and Medium Enterprises (MSME) Manufacturers and Exporters in line with Budget 2025-26. About Revised Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) It was launched to support Micro, Small and Medium Enterprises (MSME) Manufacturers and Exporters. It was initially launched… Continue reading Revised Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME)
‘RELIEF’ Scheme
News: The Commerce and Industry Ministry launched ‘RELIEF’ Scheme to ease pressure on exporters facing trade disruption due to the ongoing war in West Asia. About ‘RELIEF’ Scheme Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme is time-bound and targeted measure to support Indian exporters facing disruptions due to the evolving geopolitical situation in West… Continue reading ‘RELIEF’ Scheme
Small Hydro Power Development Scheme
News: The Union Cabinet approved the Small Hydro Power Development Scheme for 2026-27 to 2030-31 with ₹2,584.60 crore outlay. About Small Hydro Power Development Scheme It is a scheme to install about 1,500 MW small hydro power capacity across India. Nodal Ministry: It is under the Ministry of New and Renewable Energy (MNRE), unlike larger… Continue reading Small Hydro Power Development Scheme
Bharat Audyogik Vikas Yojna (BHAVYA)
News: The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA) for developing 100 plug-and-play industrial parks across the country. About Bharat Audyogik Vikas Yojna (BHAVYA) It is a scheme for developing 100 plug-and-play industrial parks across the country. Aim: It aims to develop world-class industrial infrastructure, unlocking manufacturing potential of the country. It… Continue reading Bharat Audyogik Vikas Yojna (BHAVYA)
“e-CHARAK” mobile application
News: National Medicinal Plants Board (NMPB) has recently launched “e-CHARAK” mobile application designed to facilitate trade and information exchange in the medicinal plants sector. About “e-CHARAK” mobile application e-CHARAK is a mobile application and web portal for the promotion and marketing of medicinal plants/herbs. Objective: It is to provide a platform for the trade of… Continue reading “e-CHARAK” mobile application
Tribes Art Fest 2026
News: Tribes Art Fest 2026 was held in New Delhi, showcasing over 1,000 artworks by 75 tribal artists from more than 30 traditions. About Tribes Art Fest 2026 A national cultural event showcasing diverse tribal art traditions and promoting indigenous cultural heritage. Organised by: It is organised by the Ministry of Tribal Affairs, in collaboration… Continue reading Tribes Art Fest 2026
Captive Generating Plant (CGP)
News: The Government amended Electricity Rules, 2026 to strengthen captive power framework, improve clarity, and support industrial competitiveness and energy transition. About Captive Generating Plant (CGP) A Captive Generating Plant is a power plant set up by persons or companies for generating electricity mainly for their own use. Objective: The objective is to provide reliable… Continue reading Captive Generating Plant (CGP)
