These, inter alia, include intensive publicity campaigns, simplification of application forms,
      credit guarantee scheme, refinance from MUDRA Ltd, nomination of Mudra Nodal Officer,
      weekly video conferences to monitor the progress, etc.
      Credit Guarantee Fund for Skill Development
            To guarantee the loans and advances upto ₹ 1.5 lakh (term loan) or any other limit as may
      be decided by the settler, sanctioned and disbursed by the lending institutions without any
      collateral security and/or third party guarantees to the eligible borrowers pursuing skill
      development courses as per the Skill Loan Scheme. Any person (Indian national) can avail of
      skill loan having minimum qualification as per National Skill Qualification Framework (NSQF).
      Department of Investment and Public Asset Management
            The Department of Disinvestment was set up as a separate Department in 1999 and was
      later renamed as Ministry of Disinvestment in 2001. From 2004, the Department of
      Disinvestment is one of the departments under the Ministry of Finance. The Department of
      Disinvestment has been renamed as Department of investment and Public Asset Management
      (DIPAM) from 2016. The mandate of the Department includes all matters related to management
      of Central Government investments in equity including disinvestment of equity in Central Public
      Sector Undertakings. Decisions on the recommendations of administrative ministries, NITI
      Aayog, etc., for disinvestment including strategic disinvestment. All matters related to
      Independent External Monitor(s) for disinvestment and public asset management. Financial
      policy in regard to the utilization of the proceeds of disinvestment channelized into the National
      Investment Fund.
      Relevant Website: www.dipam.gov.in
      Disinvestment Policy
            The policy on disinvestment has evolved considerably. The salient features of the Policy
      include: (a) public sector undertakings are the wealth of the Nation and to ensure this wealth
      rests in the hands of the people, promote public ownership of CPSEs; (b) while pursuing
      disinvestment through minority stake sale in listed CPSEs, the Government will retain majority
      shareholding, i.e. at least 51 per cent of the shareholding and management control of the Public
      Sector Undertakings; and (c) strategic disinvestment by way of sale of substantial portion of
      Government shareholding in identified CPSEs upto 50 per cent or more, along with transfer of
      management control.
      National Investment Fund
            Government constituted the National Investment Fund (NIF) in 2005 into which the
      proceeds from disinvestment of Central Public Sector Enterprises were to be channelized. The
      corpus of NIF was to be of a permanent nature and NIF was to be professionally managed to
      provide sustainable returns to the Government, without depleting the corpus. Selected Public
      Sector Mutual Funds, namely UTI Asset Management Company Ltd., SBI Funds Management
      Private Ltd. and LIC Mutual Fund Asset Management Company Ltd. were entrusted with the
      management of the NIF corpus. As per this Scheme, 75 per cent of the annual income of the NIF
      was to be used for financing selected social sector schemes which promote education, health and
      employment. The residual 25 per cent of the annual income of NIF was to be used to meet the