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PIB Summaries 02 July 2022

CONTENTS

  1. Universal Service Obligation Fund
  2. Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme

Universal Service Obligation Fund


Focus: GS II- Government Policies and Interventions

Why in News?

Department of Telecommunications signs agreement with ITI Limited and BSNL to fund pilot projects under Universal Service Obligation Fund (USOF)

What is the Universal Service Obligation Fund (USOF)?

  • The Universal Service Obligation Fund (USOF) was established with the primary objective of providing access to ‘Basic’ telecom services to people in the remote and rural areas at reasonable and affordable prices.
  • USOF ensures that there is universal non-discriminatory access to quality ICT (Information and Communications Technology) services at economically efficient prices to people in rural and remote areas.
  • It was created under the Ministry of Communications in 2002.
  • It is a non-lapsable fund, i.e., the unspent amount under a targeted financial year does not lapse and is accrued for next years’ spending.

Click Here To Read More: Universal Service Obligation Fund


Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme


Focus: GS III- Agriculture

Why in News?

The centrally sponsored Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, launched under the Aatmanirbhar Bharat Abhiyan, to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector, marks the completion of its two years.

About PM-FME Scheme:

Nodal: Ministry of Food Processing Industries(MOFPI). 

  •  It is a centrally sponsored scheme.
  • Aim is to modernize and enhance the competitiveness of the existing individual micro enterprises and ensure their transition to formal sector 
  • To provide support to Farmer Producer Organizations, Self Help Groups, and Producers Cooperatives along their entire value chain. 

Click Here To Read More: PradhaMantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme


 

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