PMO reviews efforts of eleven Empowered Groups towards tackling COVID-19

Published By : Admin | April 10, 2020 | 14:50 IST
Confidence building measures key to ensure seamless supply chain management
Last mile outreach through communication in regional languages to remain the focus

A meeting of the Empowered Groups of Officers, to tackle the challenges emerging as a result of spread of COVID-19, was held today under the Chairmanship of Principal Secretary to Prime Minister. The meeting was the latest in a series of periodic reviews at various levels by the Prime Minister’s Office to monitor the ongoing efforts to counter the impact of the pandemic.

Principal Secretary reviewed the efforts undertaken by the Empowered Groups. The issues related to supply chain and logistics management for availability of necessary items, efforts undertaken for the benefit of stakeholders involved, steps to assist farmers harvest their produce while maintaining social distancing, further confidence building measures necessary and need to ensure percolation of guidelines of the Ministry of Home Affairs to the ground level were discussed. The gathering reviewed and expressed satisfaction on the detailed testing protocol and procedure, under which (as on date) 1,45,916 samples have been tested.

It was informed that all Chief Secretaries of States were issued instructions to arrange for shelter for the vulnerable groups like migrants and homeless. Also, Centre is in constant touch with States and District level monitoring is being undertaken. The production of PPEs is being ramped up and  capacity building for healthcare personnel is being ensured. NGOs and Civil Society groups are also being mobilized. Principal Secretary suggested that coordination with NGOs at district level be done to avoid overlaps and ensure efficacious utilization of resources.

The progress of roll out of welfare measures through the economic relief package under PM Garib Kalyan Yojana was also reviewed. Principal Secretary underlined that data sanctity was important to ensure that the benefits reach out to all the intended beneficiaries.

Steps taken to ensure timely information dissemination throughout the country were discussed and ensuring last mile outreach through communication in regional languages was emphasized. On the technology and data management front, while expressing satisfaction on the roll out of Aarogya Setu app, it was felt that the user engagement with the app needs to be enhanced.

The meeting was attended by senior officials of Prime Minister’s Office and other Ministries under the Government of India.

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Cabinet approves equity support to Small Industries Development Bank of India
January 21, 2026
Flow of credit to MSMEs will increase as SIDBI will be able to generate additional resources at competitive rates
Approximately 25.74 lakh new MSME beneficiaries will be added

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank of India (SIDBI).

The equity capital of Rs.5000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs.3,000 crore in Financial year 2025-26 at the book value of Rs.568.65/- as on 31.03.2025 and Rs.1,000 crore each in Financial Year 2026-27 and Financial year 2027-28 at the book value as on 31st March of the respective previous financial year.

Impact:

Post equity capital infusion of Rs.5000 crore, number of MSMEs to be provided financial assistance is expected to increase from 76.26 lakh at the end of Financial Year 2025 to 102 lakhs (approximately 25.74 lakh new MSME beneficiaries will be added) by the end of Financial Year 2028. As per latest data (as on 30.09.2025) available from official website of M/o MSME, 30.16 crore employment is generated by 6.90 crore MSMEs (i.e. employment generation of 4.37 persons per MSME). Considering this average, employment generation is estimated to be 1.12 crore with the expected addition of 25.74 lakh new MSME beneficiaries by the end of Financial Year 2027-28.

Background:

With a focus on directed credit and anticipated growth in that portfolio over the next five years, the risk-weighted assets on SIDBI’s balance sheet are expected to rise significantly. This increase will necessitate higher capital to sustain the same level of Capital to Risk-weighted Assets Ratio (CRAR). The digital and digitally-enabled collateral-free credit products being developed by SIDBI, aimed at boosting credit flow, along with the venture debt being offered to start-ups, will further escalate the risk-weighted assets, requiring even more capital to meet healthy CRAR.

A healthy CRAR, well above the mandated level, is a key to protect credit rating. SIDBI will benefit from an infusion of additional share capital by maintaining a healthy CRAR. This infusion of additional capital would enable SIDBI to generate resources at fair interest rates, thereby increasing the flow of credit to Micro, Small & Medium Enterprises (MSMEs) at competitive cost. The proposed equity infusion in staggered or phased manner will enable SIDBI to maintain CRAR above 10.50% under high stress scenario and above 14.50% under Pillar 1 and Pillar 2 over next three years.