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PIB 8th October

Contents

  1. MoRTH enhances allocation of funds for SARDP-NE
  2. Gyan Circle Ventures Inaugrated

MoRTH ENHANCES ALLOCATION OF FUNDS FOR SARDP-NE

Focus: GS-III Industry and Infrastructure

Why in news?

  • The Ministry of Road Transport and Highways (MoRTH) has enhanced the allocation of funds for expenditure under Special Accelerated Road Development Programme in North Eastern Areas (SARDP-NE) related works during the 2020 financial year.
  • Under the revised allocation, almost double the amount originally allocated has been allowed.
  • Additionally, the allocations to National Highways in NE Region under 10% mandatory Pool Fund has been on an upward route in the last five years.
  • Government of India has undertaken massive road development programme under SARDP-NE Scheme in NE Region.

SARDP-NE

  • Ministry of Road Transport and Highways has taken up an ambitious Special Accelerated Road Development Programme (SARDP-NE) for development of road network in the north eastern States of the Country.
  • This programme envisages providing road connectivity to all the district headquarters in the north eastern region by minimum 2 lane highway standards apart from providing road connectivity to backward and remote areas, areas of strategic importance and neighbouring countries.
  • Programme planned in two phases (A & B) including Arunachal Package, Phase-A is under progress and Phase-B is in conceptual stage.

The objective of this scheme is three-fold:

  1. Development of Interstate Connectivity
  2. Development of access/connectivity to international border
  3. Development of connectivity to District Headquarters from the nearest National highways.

GYAN CIRCLE VENTURES INAUGRATED

Focus: GS-III Industry and Infrastructure

Why in news?

Union Minister for Education virtually inaugurated the Gyan Circle Ventures, a MeitY funded Technology Business Incubator (TBI) of Indian Institute of Information Technology, Sri City (Chittoor), Andhra Pradesh.

Details

  • Keeping up with the spirit of entrepreneurship, in 2020, IIIT Sri City is launching the TBI, Gyan Circle Ventures. Gyan Circle Ventures would function as a Technology Incubation and Development of Entrepreneurs (TIDE 2.0) incubation center as approved by the Ministry of Information Technology (MeitY).
  • Speaking on the occasion the Minister said that Innovation is the engine that powers this progress of the nation.
  • Centres like these have the potential to instil entrepreneurship in young minds and steward them to become successful innovators.
  • The incubator would leverage the institutions’ entrepreneurial spirit via utilizing its intellectual capital and engage in using emerging technologies such as Artificial Intelligence (AI), Block-chain, Cyber Physical Systems (CPS), Cyber Security, Internet of Things (IoT), Robotics, etc.
  • Gyan Circle Ventures will serve as a hub for innovation and startups by providing support, in various phases, via investments, infrastructure and mentoring.
  • Notably, the TBI would have an Advisory Committee comprising leading Industrialists, entrepreneurs and technical experts.
  • It would enable incubatees to leverage these expert mentors and networks from both academia and the industry.
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