Banking and RBI
RBI: SGB 2021-22 Series-II premature redemption price Rs 15,672 per unit for 1 June 2026
29 May 2026 | Reserve Bank of India
Carried forward from 29 May 2026. The RBI announced that premature redemption of Sovereign Gold Bond 2021-22 Series-II (issued 1 June 2021) falls due on 1 June 2026, at a redemption price of Rs 15,672 per unit.
The price is the simple average of the IBJA closing price of 999-purity gold for the three business days 26, 27 and 29 May 2026. Premature redemption is allowed after the fifth year from issue, on an interest payment date.
Key facts- SGB: 2021-22 Series-II; issued 1 June 2021
- Redemption date: 1 June 2026
- Price: Rs 15,672 per unit
- Basis: IBJA average of 26, 27 and 29 May 2026 closing prices
Exam takeaway: The SGB redemption price tracks a three-day average of IBJA gold prices.
Quick revision: SGB 2021-22 Series-II: premature redemption 1 June 2026 at Rs 15,672 (RBI, 29 May).
Reserve Bank of India original sourceGovernment Schemes
PM SVANidhi: more than 1.12 crore loans disbursed, Rs 17,800 crore
30 May 2026 | Press Information Bureau
A PIB explainer of 30 May 2026 says PM SVANidhi, launched in 2020, has supported street vendors with collateral-free loans, digital adoption, institutional credit access and social security coverage. It reports more than 1.12 crore loans disbursed, over 75 lakh beneficiaries and loans worth over Rs 17,800 crore.
The release says vendors earlier had limited access to formal credit and depended on informal credit at very high interest rates.
Key facts- Scheme: PM SVANidhi, launched 2020
- Loans disbursed: more than 1.12 crore
- Beneficiaries: over 75 lakh
- Loan value: over Rs 17,800 crore
Exam takeaway: PM SVANidhi gives collateral-free working capital loans to street vendors.
Quick revision: PM SVANidhi: 1.12 crore loans; 75 lakh beneficiaries; Rs 17,800 crore (PIB, 30 May).
Press Information Bureau original sourceGovernment Schemes
PM-SETU: first Strategic Investment Plan cleared for Visakhapatnam ITI Cluster
30 May 2026 | Press Information Bureau
PIB said the National Steering Committee of the Rs 60,000 crore PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs) scheme approved the first Strategic Investment Plan, for the Visakhapatnam ITI Cluster in Andhra Pradesh, submitted by ArcelorMittal Nippon Steel India with academic partner NAMTECH.
The approval at the 3rd NSC meeting, chaired by MSDE Secretary Debashree Mukherjee, makes Andhra Pradesh the first State to operationalise an industry partnership under PM-SETU, aimed at turning Government ITIs into industry-managed, outcome-oriented institutions.
Key facts- Scheme: PM-SETU, outlay Rs 60,000 crore
- First SIP approved: Visakhapatnam ITI Cluster, Andhra Pradesh
- Industry partner: ArcelorMittal Nippon Steel India with NAMTECH
- Meeting: 3rd NSC, chaired by Debashree Mukherjee, MSDE
Exam takeaway: ITIs are Industrial Training Institutes offering skill training.
Quick revision: PM-SETU (Rs 60,000 cr): first SIP cleared, Visakhapatnam ITI Cluster (PIB, 30 May).
Press Information Bureau original source