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Difficulty: MediumEconomic Developments, Union & State Budgets, and Economic Surveys

Match the economic developments and Union Budget initiatives in List-I with their key objectives and focal features in List-II:

  • PM-DevINE InitiativeFunding infrastructure and social development projects to address development gaps in the North-Eastern Region.
  • SIGHT ProgrammeFinancial incentives for domestic electrolyser manufacturing and green hydrogen production.
  • RAMP SchemeA World Bank-assisted programme aimed at improving MSME market access, governance, and credit linkages.
  • Mahila Samman Savings CertificateA fixed-interest small savings instrument designed specifically for women and girls with a two-year tenure.

Answer

PM-DevINE Initiative matches with funding infrastructure and social development projects in the North-Eastern Region. SIGHT Programme matches with financial incentives for domestic electrolyser manufacturing and green hydrogen production. RAMP Scheme matches with World Bank-assisted programme aimed at improving MSME capacity. Mahila Samman Savings Certificate matches with fixed-interest small savings instrument for women and girls.
PM-DevINE focuses on filling development gaps in the North-Eastern Region; SIGHT provides incentives for green hydrogen and electrolysers under the National Green Hydrogen Mission; RAMP is a World Bank-assisted MSME scheme; and Mahila Samman Savings Certificate is a specialized small savings scheme for women.

Step-by-Step Solution

1
Identify the primary domain of PM-DevINE
PM-DevINE is targeted toward regional development specifically in the North-Eastern states.
It addresses infrastructure gaps in NE India.
2
Identify the core component of the SIGHT Programme
SIGHT is an intervention strategy under the National Green Hydrogen Mission.
It offers subsidies/incentives for electrolyser manufacturing and green hydrogen production.
3
Identify the multilateral funding partner and target sector for RAMP
RAMP stands for Raising and Accelerating MSME Performance and is supported by the World Bank.
It focuses on competitiveness and governance of Micro, Small, and Medium Enterprises.
4
Identify the demographic target and structure of Mahila Samman Savings Certificate
It is a small savings initiative targeting women with a fixed tenure of two years.
Introduced in recent fiscal policy measures to encourage financial inclusion for women.

Key Concept

Key Flagship Initiatives and Financial Instruments in Union Budget and Economic Survey
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Topics

Economic Developments, Union & State Budgets, and Economic Surveys

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