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The Union Finance Ministry on Tuesday said that the amount under operative Kisan Credit Card crossed Rs.10 lakh crore in December 2024, compared to Rs. 4.26 lakh crore in March 2014.
This reflects a considerable increase in the quantum of affordable working capital loans given to farmers for agriculture and related activities.
What is a Kisan Credit Card?
Kisan Credit Card provides affordable credit to farmers for purchasing agricultural inputs like seeds, pesticides, and fertilisers and meeting cash needs for crop production and allied activities.
In 2019, the Kisan Credit Card scheme was expanded to include the working capital needs of allied activities like animal husbandry, dairy, and fishing.
The government, under the Modified Interest Subvention Scheme (MISS), provides banks with a 1.5% interest subvention for offering short-term agri loans through Kisan Credit Card up to Rs. 3 lakh at 7% concessional interest per annum.
The Prime Minister Shri Narendra Modi participated in the Jhumoir Binandini 2025, a Mega Jhumoir programme in Guwahati, Assam today( 24 February).
The Jhumoir Binandini (Mega Jhumoir) 2025
The Jhumoir Binandini (Mega Jhumoir) 2025, is a spectacular cultural extravaganza with 8,000 performers participating in the Jhumoir dance, a folk dance of Assam Tea Tribe and Adivasi Communities of Assam that embodies the spirit of inclusivity, unity and cultural pride, and symbolises Assam’s syncretic cultural mélange. The Mega Jhumoir event symbolises 200 years of the tea industry, and also 200 years of industrialisation in Assam.
The Animal Welfare Board of India (AWBI) has announced its Prani Mitra and Jeev Daya Award Ceremony, scheduled to be held at Vigyan Bhawan, New Delhi, on February 27.
SBI Life Insurance Company said that its board has approved the appointment of Dorababu Daparti as Deputy chief executive officer (CEO) with effect from 24 February 2025.
Kannada writer Banu Mushtaq and translator Deepa Bhasthi’s Heart Lamp: Selected Stories is the only book nominated from India. The International Booker Prize longlist of 13 books has been announced.
Defence Minister Rajnath Singh conferred 32 gallantry, distinguished service and meritorious service medals to the Indian Coast Guard (ICG) personnel for their exemplary service and selfless dedication to duty, often in challenging and extreme conditions.
He presented six President's Tatrakshak medals (distinguished service), 11 Tatrakshak medals (gallantry) and 15 Tatrakshak medals (meritorious service) - for 2022, 2023 and 2024 - during the 18th ICG investiture ceremony in Delhi.
Key Ponits
Defence Research & Development Organisation (DRDO) and Indian Navy carried out successful flight-trials of first-of-its-kind Naval Anti-Ship missile (NASM-SR) from Integrated Test Range (ITR), Chandipur on February 25, 2025.
Chief of the Army Staff General Upendra Dwivedi left for France for a four-day visit to boost bilateral military cooperation and get a first hand experience on some of the cutting edge military technologies that the European nation possesses.
Zero Discrimination Day celebrated on 1 March highlights how people can become informed about and promote inclusion, compassion, peace and, above all, a movement for change.
Zero Discrimination Day History
Zero Discrimination Day first came into existence on March 1, 2014, as an initiative by UNAIDS, the Joint United Nations Programme on HIV/AIDS. The movement stemmed from the Zero Discrimination Campaign launched on World AIDS Day in December 2013. The campaign was created to champion equal access to healthcare and eradicate discrimination against individuals living with HIV/AIDS.
India retained the fastest-growing major economy tag as the country’s GDP grew by 6.2 percent in the third quarter of FY25, up from the revised rate of 5.6 percent in the previous quarter.
India's gross goods and services tax (GST) collections rose 9.1 per cent to about Rs. 1.84 lakh crore in February 2025.
According to official data released on Saturday, March 1, on a gross basis, mop-up from the central GST stood at Rs. 35,204 crore, state GST at Rs. 43,704 crore, integrated GST at Rs. 90,870 crore, and compensation cess at Rs. 13,868 crore in the month under review.
The Index of Eight Core Industries (ICI) recorded a 4.6 per cent year-on-year growth in January 2025, according to data released by the Ministry of Commerce and Industry.
The government on Friday( 28 February) said it has achieved the target of establishing 10,000 farmer producer organisations (FPOs) under a flagship central scheme.
The Directorate General of Civil Aviation (DGCA) has granted a license to the newly developed Datia airport as a public aerodrome under the 3C/VFR category.
With this Madhya Pradesh has become the state with its 8th operational airport, following this approval of Datia Airport by the Directorate General of Civil Aviation (DGCA).
Retail inflation for farm and rural workers eased slightly to 4.61 per cent and 4.73 per cent, respectively, in January from 5.01 per cent and 5.05 per cent in December 2024, showed the government data released on Monday( 24 February).
Denmark has announced its Green Fuels Alliance India (GFAI) initiative in a bid to boost collaborative efforts between the two countries in the sustainable energy solutions sector and advance their joint global goal towards carbon neutrality.
GTAI is a key initiative under the Green Strategic Partnership (GSP) signed in 2020, aiming to support India and Denmark in achieving their climate goals.
The alliance is inspired by the success of Green Fuels Alliance India (GFAI) and Wind Alliance India (WAI).
Key Features
United States President Donald Trump announced his plans to sell ‘Gold Card’ residency permits, offering immigrants a pathway to American citizenship. He suggested that the Gold Card could replace the EB-5 immigrant investor visa programme in the coming months.
India has sent a consignment of medical supplies & disaster relief material to Honduras in the wake of the recent Tropical Storm Sara. India has reaffirmed its commitment to the Global South by sending humanitarian assistance to Honduras in the wake of the recent Tropical Storm Sara.
Soviet chess grandmaster Boris Spassky, who was famously defeated at the height of the cold war, has died at 88, the Russian Chess Federation has announced.
Oscar-winning actor Gene Hackman, 95, and his wife, pianist Betsy Arakawa, 64, were found dead in their Santa Fe, New Mexico, home, officials confirmed on Friday( 28 february).
Legendary Journey of Gene Hackman
Hackman's most popular role was Lex Luthor in Superman (1978) and its sequel Superman II (1980).
He was also known for his performances in The Poseidon Adventure (1972), Scarecrow (1973), The Conversation (1974), A Bridge Too Far (1977), Under Fire (1983), Power (1986), Loose Cannons (1990), The Firm (1993), The Quick and the Dead (1995), The Birdcage (1996), Enemy of the State (1998), Behind Enemy Lines (2001), and Runaway Jury (2003).
Professor Sabyasachi Kar has been appointed as the new Director of the Institute of Economic Growth (IEG), New Delhi, effective February 6.
Prime Minister Narendra Modi unveiled the design of the New Integrated Terminal Building (NITB) of Lokpriya Gopinath Bordoloi International (LGBI) Airport in Guwahati at the Advantage Assam 2.0 summit, officials said.
This milestone marks a significant step towards transforming the airport into a world-class aviation hub and a gateway to northeast India.
The NITB is designed to manage 13.1 million passengers per annum (MPPA), making it the first airport terminal of its kind in the northeast region of India.
The terminal is expected to be operational in the last quarter of 2025.
Manohar International Airport (GOX), developed and operated by GMR Goa International Airport Ltd. (GGIAL) becomes the first airport, ever in India to receive the prestigious “Sarvashrestha Suraksha Puraskar (GOLDEN TROPHY)” at National Safety Council of India (NSCI) Safety Awards 2024 under ‘Service Sector’.
The award was given at a ceremony held in January 2025 at The Lalit, Mumbai.
National Safety Council of India (NSCI) set up by the Ministry of Labour, Government of India (GoI) invited entries from all over the nation to recognize and reward the organisations in various sectors for their exemplary Occupational in Safety & Health (OSH) performance & commitment to reduce workplace injuries, implementations of the best OSH practices and encourage continual improvements.
Manohar International Airport was evaluated on its safety performance, safety statistics, safety commitments, safety awareness, training & promotional activities and innovations on ground.
Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government.
The Employees’ Provident Fund Organisation (EPFO) has decided to retain the interest rate on provident fund deposits at 8.25% for 2024-25, sources said.
The Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs.5.05 crore on Indian Clearing Corporation (ICCL), a wholly owned subsidiary of BSE, for alleged violations related to cybersecurity and system audit norms.
The Reserve Bank of India (RBI) organised 10th edition of Financial Literacy Week (FLW) 2025 in Jammu today( 24 February).
A robotic NASA spacecraft called Lunar Trailblazer, which launched Wednesday( 26 February) night from Kennedy Space Center in Florida, is aiming to provide a detailed map from orbit of the abundance, distribution and form of water across the moon.
While its launch went smoothly, things do not appear to be going well for the spacecraft, according to a NASA update.
The 11.5-foot (3.5-meter), 440-pound (200-kilogram) probe was designed to orbit low over the lunar surface to hunt for and map where water might be found in permanently shadowed regions on the moon.
Lunar Trailblazer powered up and began transmitting data after launch, but its operators began noticing power issues and subsequently lost communication with the probe some 12 hours after launch.
Mission operators at Caltech and the Jet Propulsion Laboratory were able to reestablish contact with the spacecraft hours later, but are still "working with NASA ground stations to reestablish telemetry and commanding to better assess the power system issues and develop potential solutions," NASA wrote in the update.
American space agency Nasa will launch the ambitious Spectro-Photometer for the History of the Universe, Epoch of Reionization and Ices Explorer (Spherex) telescope on March 1,2025.
Ministry of Labour and Employment and Employees’ State Insurance Corporation (ESIC) in collaboration with Global Coalition for Social Justice and International Labour Organization, with the support Confederation of Industry (CII) - Employers Federation of India (EFI) hosted a two-day Regional Dialogue on Social Justice under the Global Coalition for Social Justice at Bharat Mandapam from 24-25 February 2025 in New Delhi.
Highlights
Mohun Bagan Super Giant became the Indian Super League (ISL) 2024-25 League Winners after their 1-0 victory against Odisha FC at the Vivekananda Yuba Bharati Krirangan Stadium in Kolkata.
Virat Kohli has become the fastest batter to reach the milestone of 14,000 ODI runs, getting there in his 287th innings in the Champions Trophy match against Pakistan in Dubai.
Solar Energy Corporation of India Limited (SECI) has committed a phase-wise capital expenditure of INR 2,500 crore to expand Madhya Pradesh’s renewable energy capacity.
The second meeting of the India-EU Trade and Technology Council (TTC), held in New Delhi on Friday (February 28, 2025), underscored the deepening partnership between India and the European Union in strategic technologies, digital governance, and digital connectivity.
The IMC Chamber of Commerce and Industry conducted an International roadshow in Dubai on January 23rd, previewing the upcoming Bharat Calling Conference scheduled for February 27th, 2025, at Mumbai’s Jio World Convention Centre.
India is set to host the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific at the Rajasthan International Centre in Jaipur from March 3 to 5, 2025.
About Regional 3R and Circular Economy Forum
The Regional 3R and Circular Economy Forum was established by the United Nations Centre for Regional Development (UNCRD) in 2009. It serves as a platform to help governments in the Asia-Pacific region integrate 3R and circularity into their policies.
The last Forum was hosted by Cambodia in 2023, while India previously hosted the eighth edition in Indore in 2018.
The Madhya Pradesh Global Investor Summit 2025 (GIS-2025) has drawn strong interest from international investors and delegates, who see immense potential in the state's growing economy.
India’s annual wind power capacity addition is projected to more than double to an average of 7.1 gigawatts (GW) over the next two financial years, compared with 3.4 GW in fiscal year 2023-25.
The country’s first ‘bio bank’ in a zoo is up and running at Padmaja Naidu Himalayan Zoological Park, better known as Darjeeling Zoo, officials said.
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