MADHYA PRADESH
MP leading State in cooperatives
The State has a strong tradition of cooperative movement. There is documentary evidence of this from the year 1900. In India, cooperative banks were first formed in 1904 in Sehora district, Jabalpur and Vadodara. Madhya Pradesh has been a leader in the formation of cooperative banks. The Co-operative Department and more than 50,000 cooperative societies affiliated to it, despite all their limitations, have provided a strong base to the economy of the state through business promotion and welfare schemes.
Agricultural credit institutions and cooperative banks in the State have always been ready to serve farmers. Consequently, the state got the highest position in the field of agricultural production.
There are more than four thousand five hundred primary agricultural credit cooperative institutions in the state.
They are mainly engaged in important tasks like short term agricultural loan distribution, supply of agricultural inputs, procurement of agricultural products and public distribution system.
Madhya Pradesh has made new achievements in the field of women empowerment through self-help groups and cooperatives. Lakhs of women from poor and deprived sections of rural areas are becoming self-dependent by organizing themselves in the form of self-help groups.
INTERNATIONAL
India-UK Financial Markets Dialogue
The Financial Market Dialogue between India and the United Kingdom was conducted virtually.
Highlights:
The dialogue was established at the 10th Economic and Financial Dialogue in October 2020 to strengthen the bilateral financial relationship between the United Kingdom and India.
The discussion revolved around four main topics:
♦ GIFT City (Gujarat International Finance Tec-City), India’s premier international financial centre
♦ Banking and payment systems
♦ Insurance
♦ Capital markets
NATIONAL
India Industrial Land Bank – IILB
The Industrial Land Bank of India is a GIS-based portal that contains all information related to industrial infrastructure, such as connectivity, infrastructure, natural resources and topography, plot-level information about open spaces, activity lines, and contact information.
♦ It serves as a one-stop shop for all industrial infrastructure-related data.
♦ It acts as a decision-support system for investors scouting land remotely.
♦ It is currently integrated with industry-based GIS systems from 17 states, allowing details on the portal to be updated in real time.
♦ The IILB has planned about 4,000 industrial parks on 550,000 hectares of land and is expected to achieve pan-Indian integration by December 2021.
♦ It is administered by the Department of Industry and Internal Trade (DPIIT).
Agriculture Infrastructure Fund – Central Sector Scheme
Union Cabinet has approved changes to the Central Sector Scheme of financing facility under the ‘Agriculture Infrastructure Fund’.
Highlights:
♦ State Agencies/APMCs, National and State Federations of Cooperatives,
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