Page 6 - NIS English February 16-28

News Briefs

ROV AND REMOTE OPERATED RS 1,000 CRORE STARTUP INDIA SEED FUND
MINE DETECTOR TO SAVE
n a bid to provide further boost to the Startup ecosystem
SOLDIERS ON FIELD Iin India, Prime Minister Narendra Modi announced the

launching of Startup India seed fund on January 16, 2021.
He made this announcement during the ‘Prarambh: Startup
India International Summit’ event. The Rs 1,000 Crore Start-
up India seed fund will ensure
that there is no shortage of seed
money for Startups. The Govern-
ment will also help the Startups
in raising capital through guarantees. India is working for
a Startup ecosystem based on the mantra ‘Of the Youth,
By the Youth, For the Youth’. The Prime Minister said, “We
have to fix our goals for the next five years and these goals
should be that our Startups, our unicorns should emerge as
global giants and lead in the futuristic technologies.”

andmines pose a major SKILLING STREET VENDORS TO ADOPT DIGITAL TRANSACTIONS
Lthreat to lives of the se-
curity forces and the public
in general. In order to mit-
igate the risk, Captain Raj
Prasad from the College
of Military Engineering,
Pune, has conceived and
developed Sapperscout
– a mine detection Un-
manned Ground Vehicle.
It detects and marks mines
enabling troops to evade he Government conducted a campaign under the PM
the minefields safely. It is TSVANidhi scheme to train the street vendors in digital
operated remotely. Pras- transactions. This nation-wide campaign was held from
ad has also developed a January 4-22, 2021, wherein the vendors were told about the
remotely operated vehi- benefits of digital transactions. The scheme promotes digital
cle (ROV) called Xploder. transactions through cashback incentives up to an amount
This backpack-sized and of Rs 100 per month. Banks have also made it clear that if
lightweight device helps to
the record for digital transactions is good, getting loans will
destroy IEDs from a safe
be easy for the vendors. Under the scheme, vendors can
distance using a remote.
avail a working capital loan of up to Rs 10,000, and the aim
ROV and mine detector
is to provide benefit to more than 50 Lakh street vendors.
are in trial mode so far
Under the Central Government’s scheme, interest, subsidy
and after a successful test,
and digital cashback will be made available in the account of
they will be commissioned
shopkeepers by Indian Bank. One can contact the local bank
in the Army.
for additional information about this scheme.
4 New India Samachar