Factly articles for 2nd October 2020

1.Ambedkar Social Innovation & Incubation Mission

News: Ministry of Social Justice and Empowerment launched the Ambedkar Social Innovation and Incubation Mission under Venture Capital Fund for SCs



  • To promote entrepreneurship among the SC Youth with special preference to Divyangs.
  • To support (1,000) innovative ideas till 2024 through a synergetic work with the Technology Business Incubators (TBIs) set up by the Department of Science and Technology.


  • Under the mission, 1,000 SC youth would be identified in the next 4 years with start-up ideas through the Technology Business Incubators (TBIs) in various higher educational institutions.
  • They will be funded Rs. 30 lakhs in 3 years as equity funding so that they can translate their start-up ideas into commercial ventures.
  • Successful ventures would further qualify for venture funding of up to Rs. 5 Crore from the Venture Capital Fund for SCs

Additional Information:

Venture Capital Fund for SCs

  • It was launched in 2014-2015
  • Aim: To develop entrepreneurship amongst the SC and Divyang youth and to enable them to become job-givers.
  • Objective: to provide concessional finance to the entities of the SC entrepreneurs.

2.Flight Testing of DRDO’s Laser Guided ATGM

News: The indigenously developed Laser Guided Anti-Tank Guided Missile (ATGM) was successfully test fired


  • The ATGM employs a tandem HEAT warhead to defeat Explosive Reactive Armour (ERA) protected armoured vehicles in ranges from 1.5 to 5 km.
  • It has been developed with multiple-platform launch capability and is currently undergoing technical evaluation trials from 120 mm rifled gun of MBT Arjun.
  • The Laser Guided Missile has been developed by Armament R&D Establishment (ARDE), Pune in association with High Energy Materials Research Laboratory (HEMRL), Pune and Instruments Research & Development Establishment (IRDE), Dehradun.

3.Online Release of Picture Postcard on Sawantwadi Toy by India Post

News: Indian Post has released Picture Postcard on Sawantwadi Toy.


  • These are handmade toys made of wood in Sawantwadi a town in Sindhudurg district of Maharashtra.
  • They are made from the wood of the Indian Coral tree.
  • It has been accorded GI Tag.

4.Bio E, ICMR develop antisera for Covid treatment, prevention

News: Hyderabad-based vaccine maker Biological E, in collaboration with the Indian Council of Medical Research (ICMR), has developed “highly purified antisera”.


  • Antisera are blood sera that contain antibodies against a specific viral toxin or antigen.
  • They are injected to help in the treatment or prevention of the diseases associated with that virus. They can be used in prevention and treatment of Covid-19.

5.Armenia vs Azerbaijan: old regional conflict, interested neighbours

News: Military action in Nagorno-Karabakh, a region disputed between Armenia and Azerbaijan, has resulted in the death of at least 100 civilians and Armenian combatants



Nagorno-karabakh (Artsakh):

  • It is a landlocked region in the South Caucasus within the mountainous range of Karabakh.
  • is internationally recognised as part of Azerbaijan, but most of the region is controlled by Armenian separatists. Nagorno-Karabakh has been part of Azerbaijan territory since the Soviet era.