21st JANUARY 2026 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS
Union Cabinet approves increasing the share capital of the Small Industries Development Bank of India (SIDBI)
- This decision was taken at the Union Cabinet meeting held today under the chairmanship of Prime Minister Shri Narendra Modi. This share capital will be paid into the bank's account in three installments by the Department of Financial Services. Of this, ₹3,000 crore will be paid in the 2025-26 financial year, based on its book value of ₹568.65 crore as of March 31, 2025.
- The remaining amount will be paid in two installments of ₹1,000 crore each in the 2026-27 and 2027-28 financial years, based on the book value as of March 31 of the preceding financial year, the Central Government has stated.
- After this ₹5,000 crore share capital is infused into the bank, the number of MSME units receiving financial assistance is expected to increase from 76.26 lakh at the end of the 2025 financial year to 102 lakh by the end of the 2028 financial year (approximately 25.74 lakh new MSME units will be added).
- According to data recently published on the official website of the Ministry of Micro, Small and Medium Enterprises (as of September 30, 2025), 30.16 crore jobs have been created by 6.90 crore MSME units (i.e., 4.37 jobs per MSME unit).
- Considering this average, it is estimated that 1.12 crore jobs will be created by adding 25.74 lakh new MSME units by the end of the 2027-28 financial year.
- The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved the continuation of the Atal Pension Yojana (APY) until the financial year 2030-31 and the extension of financial support for outreach and development activities to meet the funding gap.
- Accordingly, this will involve creating awareness among unorganized workers through outreach and capacity building, addressing the funding gap, and ensuring the sustainability of the scheme. This will ensure old-age income security for millions of low-income and unorganized workers.
- It supports India's transformation towards a pensioned society by improving financial inclusion. This decision strengthens the vision of a developed India by 2047 by providing sustainable social security.
