SAARC Development Fund Crossed $50 Million

Currently, the Self-Defense Force is implementing 90 projects in all member states of SAARC under its social, economic and infrastructure financing window.
Sheena

Updated: Mar 29, 2021 09:51:17 am

29 March 2021 Current Affairs:The SAARC Development Fund grants more than US$50 million for projects in the eight member states of SAARC.

Highlights:
♦ The SAARC Development Fund (SDF) was established in 2010 by the heads of the eight SAARC member states to promote the welfare of the people in the SAARC area, improve their quality of life, and promote economic growth, social progress and poverty alleviation in South America. SDF has 3 financing windows, namely social, economic and infrastructure windows.
♦ The focus of the social window is to provide funding for projects in poverty alleviation, health improvement and education. The economic window funds non-infrastructure projects like trade and industrial development, etc. Infrastructure Window Fund projects in the fields of energy, power, transportation, etc.
♦ Currently, the Self-Defense Force is implementing 90 projects in all member states of SAARC under its social, economic and infrastructure financing window.
♦ The South Asian Association for Regional Cooperation (SAARC) was established in 1985 and has 7 founding members. SAARC now consists of eight member states: Afghanistan (joined in 2007), Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The secretariat is located in Kathmandu, Nepal.
 
Free Current Affairs to Your Email

Latest Current Affairs 2021

Index / List

Mumbai and Bangalore Loss Top 100 in QS Ranking

Aug 05,2021 12:09:00 pm
QS covers metrics like college rankings, pupil mix, desirability, enterprise activity, and affordability.
Fresherslive . 11 hours ago
Sports

Bronze Medal for the Indian Hockey Team

Aug 05,2021 12:08:00 pm
India wins the bronze medal in mens hockey after beating Germany 5-4 at Tokyo Olympics.
Fresherslive . 11 hours ago
Sports

Lovlina Claims Bronze Medal in Tokyo Olympics

Aug 05,2021 12:05:59 pm
Indian Boxer Lovlina Borgohain has failed to attain the gold medal remaining match. She settles for a bronze medal.
Fresherslive . 11 hours ago
Business & Economy

Largest Star Sapphire Cluster in Sri Lanka

Aug 05,2021 12:05:05 pm
Worlds biggest star sapphire cluster has been discovered in Ratnapura, Srilanka.
Fresherslive . 11 hours ago
Agreements MoU

India Signs MoU with World Bank for $250 Million Project

Aug 05,2021 12:02:22 pm
At the national level, about a hundred and twenty dams will be undertaken throughout Chhattisgarh, Kerala, Gujarat, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Odisha, Rajasthan, and Tamil Nadu.
Fresherslive . 11 hours ago
Books & Authors

A New Book by Captain Ramesh Babu

Aug 05,2021 12:01:00 pm
The book published by Indus Source Books aspects the history & story of Mazagon, the island which was merged into a one entity as Bombay.
Fresherslive . 11 hours ago
Books & Authors

Leopard Dairies-The Rossette in India - A Book on Leopards

Aug 05,2021 11:57:03 am
Wildlife Biologist Sanjay Gubbi authored an ebook about Leopard titled Leopard Diaries the Rosette in India
Fresherslive . 11 hours ago
Science & Technology

First Earthquake App in Uttarkhand

Aug 05,2021 11:55:39 am
The Uttarakhand Bhookamp Alert is Indias first earthquake early warning app for notifying human beings about earthquake alerts.
Fresherslive . 11 hours ago
Indian Affairs

Performance of National AIDS Control Programme

Aug 05,2021 11:51:51 am
The 3rd National AIDS Control Project (NACP III) was launched in July 2007 to Halt and Reverse the Epidemic over its five-year period.
Fresherslive . 11 hours ago
Schemes

Funds for Janani Suraksha Yojana

Aug 05,2021 11:50:50 am
Janani Suraksha Yojana (JSY) is a centrally sponsored scheme, which integrates money assistance with post-delivery care.
Fresherslive . 11 hours ago

Daily Current Affairs 2021


Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Current Affairs 2021 August

August 05
News Quiz
August 04
News Quiz
August 03
News Quiz
August 02
News Quiz

Current Affairs 2021 July

July 30
News Quiz
July 29
News Quiz
July 27
News Quiz
July 26
News Quiz

Current Affairs 2021 June

June 30
News Quiz
June 29
News Quiz
June 26
News Quiz
June 24
News Quiz