CSC SPV Current Affairs - 2019

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Bulletin: National Training Workshop for 7th Economic Census organized

A comprehensive training strategy called National Training Workshop of Master Trainers to impart training to trainers engaged in upcoming 7th Economic Census was held at Indian Habitat Center in the New Delhi. It was organized by Ministry of Statistics and Program Implementation (MoSPI).

Key Highlights

  • Objective: to impart training to Master trainers (enumerators and supervisors) engaged in Seventh Economic Census (7th EC).
  • Implementing Agency:Ministry of Statistics and Program Implementation (MoSPI) has partnered with Common Service Centre, CSC e-Governance Services India Limited (CSC SPV), a Special Purpose Vehicle under Ministry of Electronics and Information Technology (MeitY) for implementation.
  • Training: The participants were trained on key concepts and definitions, processes, digital platform and application to be used for enumeration (supervision and data capture) in field during 7th Economic census.
  • Reason: An Information Technology (IT) based digital platform for validation, data capture, report generation and distribution will be used in upcoming Economic Census. The fieldwork for 7th EC will be commencing from June 2019.
  • 7th Economic Census 2019: It is being conducted by MoSPI to provide disaggregated information (numerical or non-numerical information collected from multiple sources) on various structural and operational aspects of all establishments in country. After the National Training Workshop of Master Trainers in New Delhi similar exercise will be undertaken across India. During month of May and June 2019 over 6000 State and District level training workshops will be organized.

About Economic Censuses

  • It is a complete count of all establishments and units located within geographical boundaries of country.
  • Background: The first Economic Census was undertaken in 1977. The 2nd edition was carried out in 1980 followed by 3rd EC in 1990. The 4th EC took place in 1998 while 5th EC was held in 2005. The Sixth edition of Economic Census was conducted in 2013.
  • Objective: It provides detailed information on operational and economic variables, activity wise, and other characteristics like number of establishments, type of ownership, source of finance, number of persons employed, etc. The details about establishments across country include their distribution at all-India, State, district, village and ward levels. This is used for comprehensive analysis of structure of economy (macro, micro, regional levels) and for benchmark purposes.
  • Significance: The database so collected also serves as a sampling frame for drawing samples for socio economic surveys by Government and research organizations. This information is used for micro level or decentralized planning and to assess contribution of various sectors of economy in gross domestic product (GDP).

SIDBI, CSC SPV ink MoU to provide financial support to village level entrepreneurs

Small Industries Development Bank of India (SIDBI) and Common Service Centres (CSC) Special Purpose Vehicle (SPV) signed MoU for providing financial support village level entrepreneurs in CSCs. Through the MoU, SIDBI will extend financial support to VLEs of CSCs, with minimum one year of operation, under its Direct Financing Window.

Key Facts

Through the MoU, both CSC SPV and SIDBI seek to work together to bring more citizens under ambit of financial inclusion. Moreover, it will also aim to enhance financial viability of CSCs by including additional services in their bouquet of products.

Under Direct Financing Window, CSC SPV will approve list of VLEs, within 25 km distance of SIDBI Branch Offices, who require financial support. To avail loan, VLEs need to submit their CSC project, with maximum project outlay of Rs. 3.50 lakh and term loan requirement not exceeding Rs. 2 lakh per project.

Common Service Centres (CSC)

CSC is an initiative of Ministry of Electronics & IT (MeitY). It is strategic cornerstone of the Digital India programme. It is pan-India network catering to regional, geographic, linguistic and cultural diversity of country, thus enabling Government’s mandate of a socially, financially and digitally inclusive society.

There are as many as 2.91 lakh CSCs operate in the country today. They are mostly ICT enabled front end service delivery points at village level for delivery of government and private services. These CSCs serve as access points for delivery of essential public utility services, social welfare schemes, financial, healthcare, education and agriculture services, apart from host of B2C services to citizens in rural and remote areas of the country.

Small Industries Development Bank of India (SIDBI)

SIDBI is principal development financial institution for promotion, financing and development of Micro, Small and Medium Enterprises (MSME) sector in India. It was established on April 2, 1990 through an Act of Parliament (thus, it is statutory body). It is headquartered in Lucknow, Uttar Pradesh. It facilitates and strengthens credit flow to MSMEs and address both financial and developmental gaps in MSME eco-system across the country.