# Daily Current Affairs – 26 October

- Link: https://www.freenaukrialert.com/daily-current-affairs-26-october/
- Published: 2026-10-26T07:50:18+05:30
- Author: Deepak Kumar

Here is today’s **Daily Current Affairs Digest (26 October 2026)**,  exam linkages
across all target exams (UPSC, State PCS, RRB, BPSC, SSC, Banking, and Teaching),
and practice MCQs with collapsible answer keys.

 **Contents**  [hide](https://www.freenaukrialert.com/daily-current-affairs-26-october/#)

 [ 1) Daily Current Affairs Digest & PIB Summary – 26 October 2026 ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#Daily_Current_Affairs_Digest_PIB_Summary_-_26_October_2026)

 [ 1.1) 📌 High-Yield Exam Index Today ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#High-Yield_Exam_Index_Today)

 [ 1.2) 1. PM Vidyalaxmi Scheme: Collateral-Free Education Loans for Top 860 NIRF Institutions ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#1_PM_Vidyalaxmi_Scheme_Collateral-Free_Education_Loans_for_Top_860_NIRF_Institutions)

 [ 1.2.1) 🔍 PIB Fact File: Key Provisions of PM Vidyalaxmi Scheme ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#PIB_Fact_File_Key_Provisions_of_PM_Vidyalaxmi_Scheme)

 [ 1.2.2) Key Exam Takeaways: ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#Key_Exam_Takeaways)

 [ 1.3) 2. LTE-R Spectrum Allocation: Upgrading Rail Communication for Kavach 4.0 ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#2_LTE-R_Spectrum_Allocation_Upgrading_Rail_Communication_for_Kavach_40)

 [ 1.3.1) ⚙️ Technical Notes for RRB NTPC, JE & Section Controller ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#Technical_Notes_for_RRB_NTPC_JE_Section_Controller)

 [ 1.4) 3. Bihar MSME Promotion Policy 2026 & BIADA Land Lease Reforms ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#3_Bihar_MSME_Promotion_Policy_2026_BIADA_Land_Lease_Reforms)

 [ 1.4.1) 🎯 High-Yield Points for BPSC Prelims & Mains ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#High-Yield_Points_for_BPSC_Prelims_Mains)

 [ 1.5) 4. RBI Master Direction: Centralized KYC (CKYC) Registry Integration Mandate ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#4_RBI_Master_Direction_Centralized_KYC_CKYC_Registry_Integration_Mandate)

 [ 1.6) 📝 Target Practice Questions ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#Target_Practice_Questions)

 [ 1.6.1) Share Naukri Alert: ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#Share_Naukri_Alert)

 [ 1.6.2) Related ](https://www.freenaukrialert.com/daily-current-affairs-26-october/#Related)

 

Daily Exam Digest
 PIB & RBI Official

# Daily Current Affairs Digest & PIB Summary – 26 October 2026

📅 **Date:** 26 October 2026
 🎯 **Target Exams:** UPSC CSE, State PCS, RRB NTPC/
JE/Section Controller, BPSC, SSC CGL, IBPS PO, Teaching 📌 **Sources:** PIB Delhi,
Ministry of Education, RBI Bulletins, BIADA Releases

### 📌 High-Yield Exam Index Today

 * **UPSC & State PCS (GS-2 Social Justice / Education):** Launch of _PM Vidyalaxmi
   Scheme_ for collateral-free education loans in top NIRF institutions.
 * **Railways & Tech (RRB NTPC / JE / Section Controller):** Spectrum Allocation
   of 700 MHz Band for LTE-R (Long Term Evolution for Railways) to support Kavach
   4.0.
 * **BPSC State Special (Bihar Civil Services / TRE):** Bihar MSME Industrial Promotion
   Policy 2026 & BIADA 99-Year Leasehold Reforms.
 * **Banking & SSC (IBPS / RBI / SSC CGL):** RBI Directive on Centralized KYC (CKYC)
   Mandate for Seamless Digital Onboarding.

---

GS-2: Social Justice & Education

## 1. PM Vidyalaxmi Scheme: Collateral-Free Education Loans for Top 860 NIRF Institutions

**Context:** The Union Cabinet approved the rollout of **PM Vidyalaxmi**, a new 
Central Sector Scheme designed to ensure financial constraints do not prevent meritorious
students from pursuing higher education in premier Indian institutions.

### 🔍 PIB Fact File: Key Provisions of PM Vidyalaxmi Scheme

  |  Feature Parameter |  Scheme Specification |  
   |  **Eligible Institutions** |  Top 860 Higher Educational Institutions (NIRF overall rank ≤ 100, plus state government HEIs ranked 101–200). |  
 |  **Loan Structure** |  **Collateral-free and guarantor-free** loans covering full tuition fees and course-related expenses up to ₹10 Lakhs. |  
 |  **Credit Guarantee Cover** |  **75% credit guarantee** provided by the Government of India to banks via NCGTC for loans up to ₹7.5 Lakhs. |  
 |  **Interest Subvention** |  **3% interest subvention** during moratorium period for students with annual family income up to ₹8 Lakhs. |

### Key Exam Takeaways:

 * **Digital Portal:** Administered through a unified digital portal managed by 
   the Department of Higher Education (Ministry of Education).
 * **Target Coverage:** Benefits over **22 lakh students** annually across government
   and private top-tier institutions.

---

RRB Ops & Tech Focus

## 2. LTE-R Spectrum Allocation: Upgrading Rail Communication for Kavach 4.0

**Context:** The Ministry of Railways has finalized the deployment plan for **LTE-
R (Long Term Evolution for Railways)** in the 700 MHz frequency band, gradually 
replacing the legacy GSM-R network across high-density rail routes.

### ⚙️ Technical Notes for RRB NTPC, JE & Section Controller

 * **Frequency Band:** 5 MHz spectrum allocated in the **700 MHz band** (paired)
   for dedicated railway safety communications.
 * **Integration with Kavach 4.0:** LTE-R provides high-bandwidth, ultra-low-latency
   direct radio communication between Loco-Kavach and Station-Kavach units, replacing
   vulnerable UHF/VHF links.
 * **FRMCS Transition Path:** Serves as the stepping stone toward 5G-based **Future
   Railway Mobile Communication System (FRMCS)**.

---

BPSC State Special

## 3. Bihar MSME Promotion Policy 2026 & BIADA Land Lease Reforms

**Context:** The Bihar Industrial Area Development Authority (BIADA) under the Department
of Industries introduced revised land allotment norms to accelerate MSME clustering
across North and South Bihar industrial parks.

### 🎯 High-Yield Points for BPSC Prelims & Mains

 * **99-Year Leasehold System:** Industrial land allotment period under BIADA increased
   from 30 years to a **99-year leasehold model** with mortgaging rights for bank
   loans.
 * **Capital Subsidy for MSMEs:** 15% to 25% capital subsidy on plant and machinery
   investments in Tier-2 and Tier-3 districts (e.g., Purnia, Saharsa, West Champaran).
 * **Pledge Parks Scheme:** Private industrial park developers offered up to ₹5 
   Crore incentive per park for creating plug-and-play factory sheds.

---

Banking & Economy

## 4. RBI Master Direction: Centralized KYC (CKYC) Registry Integration Mandate

**Context:** The Reserve Bank of India (RBI) mandated all Regulated Entities (REs)—
including Commercial Banks, NBFCs, and Payment Banks—to upload individual and legal
entity KYC records onto the CKYCR portal managed by CERSAI within **14 days** of
customer onboarding.

 * **CERSAI Role:** Central Registry of Securitisation Asset Reconstruction and 
   Security Interest of India (CERSAI) operates the CKYC platform.
 * **14-Digit KIN:** Every onboarded customer receives a unique 14-digit **KYC Identifier
   Number (KIN)** eliminating duplicate KYC processes across financial institutions.

---

## 📝 Target Practice Questions

Q1. Under the newly approved ‘PM Vidyalaxmi Scheme’, what percentage of credit guarantee
is provided by the Central Government to banks for education loans up to ₹7.5 Lakhs?

(a) 50%   (b) 60%   (c) 75%   (d) 100%

View Answer & Explanation

**Correct Answer: (c) 75%**
 _Explanation:_ The Government of India provides a 75%
credit guarantee to lending banks through NCGTC for loans up to ₹7.5 Lakhs under
the PM Vidyalaxmi Scheme.

Q2. Which frequency spectrum band has been dedicatedly allocated by the Ministry
of Railways for implementing LTE-R technology?

(a) 450 MHz   (b) 700 MHz   (c) 1800 MHz   (d) 2300 MHz

View Answer & Explanation

**Correct Answer: (b) 700 MHz**
 _Explanation:_ The 700 MHz band (5 MHz paired spectrum)
is specifically reserved for Indian Railways’ LTE-R broadband network to power real-
time train safety and Kavach communication.

Published for **freenaukrialert.com** | Daily Multi-Exam Current Affairs Module

“`

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