Latest news with #DIC
Time of India
a day ago
- Business
- Time of India
Portal closed for business, startup dreams on hold
Ludhiana: Aspiring entrepreneurs of the city have been left stranded as fresh loan applications under the Prime Minister's Employment Generation Programme (PMEGP) remain inaccessible largely for the fourth consecutive month of the current financial year. Tired of too many ads? go ad free now Since April, the online portal for PMEGP — a flagship self-employment scheme — was completely shut for two months and has only recently reopened partially. As of now, only applicants from the scheduled caste (SC) category are allowed to submit applications. General category applicants, who constitute a significant share of aspiring business owners, continue to face an indefinite freeze. "There has never been such a blanket closure since the scheme launched in 2008," said Bhupinder Singh, functional manager at the District Industries Centre (DIC), Ludhiana. "The application process has continued uninterrupted even with changes in govt. This is the first time we've seen a prolonged stoppage." Growing Demand PMEGP is administered by the MSME (micro, small & medium enterprises) ministry and implemented nationally by the Khadi and Village Industries Commission (KVIC). At the state and district levels, it is executed by KVIC directorates, state khadi boards, and district industries centres. The scheme offers financial assistance for setting up new micro-enterprises in both manufacturing and service sectors, based on a credit-linked subsidy model. Under current guidelines, applicants can seek loans of up to ₹50 lakh for manufacturing and ₹20 lakh for service or trading units, with a govt subsidy of 15 to 35%, depending on the category and area. District officials say demand has surged in recent years. Tired of too many ads? go ad free now "Our annual allocation target was ₹3 crore earlier, but last year the demand rose to ₹20 crore," said Bhupinder Singh. No Clarity From Centre Rakesh Kumar Kansal, general manager of the DIC, confirmed that the shutdown was due to technical restrictions from the central govt. "The portal was non-functional for two months after April. It now accepts only SC category applications. We're awaiting further instructions from the Centre on when general category processing will resume," he said. The delay has left many prospective entrepreneurs in a state of confusion and frustration. "We were informed about the scheme in recent seminars, but what's the point if applications haven't been accepted for months?" said Gagandeep Singh, an aspiring applicant. "The govt must act and open the scheme to all categories." Without a clear timeline from the central authorities, the indefinite delay threatens to derail the entrepreneurial ambitions of hundreds across Ludhiana, undermining the very goal of the employment generation programme.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Bayer AG's Exploratory Study on Sepsis and DIC: A Potential Game-Changer?
Bayer AG ((BAYRY)), Bayer Ag (UK) ((GB:0P6S)) announced an update on their ongoing clinical study. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Bayer AG is conducting an exploratory study titled 'Exploratory Study to Investigate the Association Between the Onset of Disseminated Intravascular Coagulation (DIC) and Disease Progression With Different Biomarker Candidates as Well as Standard Clinical and Demographic Parameters in Adult Patients With Sepsis.' The study aims to understand how sepsis progresses to DIC, a severe blood disorder, by identifying biomarkers in patients admitted to intensive care units across Europe. This research is significant due to the limited treatment options for DIC, especially in sepsis patients. The study involves no investigational treatments; instead, participants receive standard medical care for sepsis. The focus is on collecting blood samples and clinical data to identify biomarkers indicative of DIC development. Designed as an interventional study with a single-group model, this research does not involve masking and primarily seeks to gather observational data. The study's primary purpose is to explore the progression of sepsis to DIC. The study began on January 29, 2025, with primary completion expected within 56 days for each participant. The latest update was submitted on July 22, 2025, indicating ongoing recruitment and data collection. This study could impact Bayer's stock performance by potentially enhancing its reputation in the medical research field, especially if the findings lead to improved understanding and treatment of sepsis-related DIC. Investors may view this as a positive development, although the absence of new drug interventions limits immediate commercial implications. The study is ongoing, with further details available on the ClinicalTrials portal.
Time of India
24-07-2025
- Business
- Time of India
65k jobless diamond workers seek govt help for kids' school fees
Surat: Forms for about 65,000 children of unemployed diamond artisans seeking school fee assistance were submitted to city schools over the past two months. With the July 23 deadline now over, at least 55,000 parents submitted forms across 300 schools. These forms have now been sent to the District Industries Centre (DIC). Next, officials will scrutinise the forms for eligibility. After this step, the Surat Diamond Association (SDA) will verify if the applicant was employed with the diamond unit mentioned. This employer check is crucial for validating the applications. Once the verification process is completed, the DIC will approach the state govt for a grant. Efforts are underway to expedite the fund allocation under the relevant grant scheme, sources said. The fee-assistance scheme has been praised for helping preserve the education of children from families affected by the slowdown in the diamond industry. About 12 lakh people are employed in the diamond sector in Surat and across Gujarat. The industry has been reeling for the past three years due to falling demand and prices of natural diamonds. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Undo Global conflicts and economic slowdowns in major markets like the US and China have added to the woes. Under the scheme, the government will pay 100% of the school fees — up to Rs 13,500 per child annually — of jobless diamond workers. The assistance will be disbursed directly to schools through the Direct Benefit Transfer (DBT) system, as per education department guidelines.
Time of India
22-07-2025
- Business
- Time of India
Veterans set for double VA payments in August, here's the 2025 disability pay schedule
Veterans who rely on monthly disability benefits from the Department of Veterans Affairs can expect a small boost in 2025, and a pleasant surprise in August. Thanks to this year's 2.5% increase in VA benefits, monthly payouts are a little higher. But even more helpful for veterans on a fixed income: August will bring two separate payments. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Cybersecurity Leadership CXO Data Science MCA Healthcare Degree Artificial Intelligence Project Management PGDM Data Analytics Product Management Digital Marketing Operations Management MBA Public Policy healthcare Management Design Thinking Finance others Others Technology Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Why? It all comes down to how the VA schedules its checks. Benefits are usually paid on the first business day of the following month. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 1 minute and see why everyone is addicted. Undo However, when that date falls on a weekend or holiday, the VA issues payments on the prior business day which is most near. This means veterans will receive checks on both August 1 and August 29, giving two payments in a month. Here's the 2025 VA disability payment calendar to help you keep track: Month payment date day of week January January 31 Friday FebruaryFebruary 28 Friday March April 1 Tuesday April May 1 Thursday May May 30 Friday June July 1 Tuesday July August 1 Friday AugustAugust 1, 29 Friday & Friday SeptemberOctober 1 Wednesday OctoberOctober 31 Friday NovemberDecember 1 Monday DecemberDecember 31 Wednesday A quick guide to VA monthly payments Live Events VA Disability Compensation A tax-free payment is provided every month to veterans who have a service-connected disability and who were not discharged dishonorably or for misbehaviour. depending on the severity of the disability, monthly payments range between $165 and $3,600, in 2025. Dependency and Indemnity Compensation (DIC) The Dependency and Indemnity Compensation benefit gives support to spouses and veteran's family members, who must have died on active duty or later from a service-related condition, would be considered eligible. The VA, if counted, for disabling a veteran or being rated permanently, such compensation would be given survivors of the veteran. Veterans and Survivors Pension Veterans and Survivors Pensions are designed for veterans who have low-income or support to their survivors to give them financial stability. Special Monthly Compensation (SMC) If a veteran suffered a serious injury/injuries (loss of limbs, or loss of vital functions). during service, he/she would be eligible for the Special Monthly Compensation. This benefit is extra, with also disability benefits. Aid and Attendance / Housebound Benefits Veterans, who are mostly situated at home, and require assistance with daily needs can qualify additional support through these programs. Stay Updated on Your Benefits The military and veterans' benefits rules are bound to change on an annual basis. By subscribing to trusted veterans' resources, you should not be able to miss updates in health charges, etc.
Time of India
21-07-2025
- Business
- Time of India
Staff shortage in DICs hits promotion of MSME schemes
1 2 Koraput: Staff shortage in the District Industries Centre (DIC), Koraput, is affecting the implementation of govt schemes and outreach activities meant to boost entrepreneurship among unemployed youth. Official data revealed that 10 out of 14 sanctioned posts of assistant industries officers (AIOs) are vacant, severely limiting operations. Ideally, every block is supposed to have at least one AIO to raise awareness about various govt schemes aimed at promoting micro, small and medium enterprises (MSMEs). However, only four posts are filled currently, with one officer managing multiple blocks simultaneously. Most of their time is spent at the district office occupied with official work. The shortage has hampered field-level engagement and awareness drives. The impact of the administrative vacuum shows as only two persons applied for capital subsidies under MSME schemes this year — an alarmingly low number that experts attributed to poor information dissemination and lack of guidance from field officials. "This is in stark contrast to the govt's emphasis on promoting self-employment and MSMEs among youth in tribal and rural belts like Koraput. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Shop Sale Libas Undo AIOs are key personnel in promoting and implementing the govt schemes. But with most of the posts lying vacant, the efforts are falling short," said Ajit Pata, a Koraput-based activist. Two posts of assistant managers are also lying vacant in the DIC, creating bottlenecks in the implementation and monitoring of schemes. "There is certainly a shortage of staff, and it has affected scheme implementation to some extent," said general manager of DIC (Koraput), Chinmayee Parida. "However, we are doing our best with the limited resources. We are hopeful that additional staff will be recruited by Oct," he added. "Unless the vacancies are urgently filled, many potential entrepreneurs may continue to miss out on vital govt support. The gap between policy intent and ground-level execution has to be resolved soon to strengthen the DIC's field presence," said Bhabani Mishra, another activist.
