Latest news with #CentralSectorScheme
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Business Standard
9 hours ago
- Business
- Business Standard
Cabinet clears ₹4,200 crore Merite scheme to upgrade technical education
The Union Cabinet on Friday approved the 'Multidisciplinary Education and Research Improvement in Technical Education' (Merite) scheme aimed at improving the quality of technical education across India. "It is a 'Central Sector Scheme' with total financial implication of ₹4,200 crore for a period from 2025-26 to 2029-30. Out of ₹4,200 crore, there will be an external assistance of ₹2,100 crore from the World Bank as loan," the Cabinet statement said. What the scheme covers The Merite scheme will cover 275 government and government-aided technical institutions, including 175 engineering colleges and 100 polytechnics. These include selected National Institutes of Technology (NITs), state engineering colleges, affiliating technical universities (ATUs), and polytechnic institutes across various states and union territories (UTs). In addition to institutional support, the scheme will also extend assistance to state and UT departments overseeing technical education. The initiative is expected to benefit around 7.5 lakh students by enhancing access to improved academic resources, infrastructure, and industry-aligned training, the Cabinet said. Expected outcomes The government expects the scheme to deliver: Digitalisation strategies at the state/UT level Multidisciplinary programme guidelines Improved quality assurance and governance Labour market-aligned curricula and blended learning Enhanced research and innovation capacity Higher student transition rates across groups Focus on employability The Centre said the scheme will emphasise skills to improve employability through a comprehensive approach. 'Key interventions include offering internship opportunities, updating curricula to align with industry requirements, organising faculty development programmes, and setting up research hubs,' it added.
Hans India
01-08-2025
- Business
- Hans India
Cabinet okays Rs 2K cr grant to boost coop sector
New Delhi: In a move aimed at strengthening India's cooperative sector, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved a Central Sector Scheme titled 'Grant in Aid to National Cooperative Development Corporation (NCDC)' with a total outlay of Rs 2,000 crore. The scheme will be implemented over a four-year period from 2025-26 to 2028-29, with an annual budgetary allocation of Rs 500 crore. The approved grant will enable NCDC to raise Rs 20,000 crore from the open market over the next four years.
United News of India
31-07-2025
- Business
- United News of India
SBK Singh gets additional charge of Delhi Police Commissioner
New Delhi, July 31 (UNI) Senior IPS officer SBK Singh has been given the additional charge of Delhi Police Commissioner. According to a Home Ministry order issued today, Singh, a 1988-batch AGMUT cadre officer, will take over as Delhi Police Commissioner from August 1, serving till further orders. Currently, Singh is the Director General of Delhi Home Guards. Meanwhile, the incumbent Police Commissioner Sanjay Arora retired today. He was honoured with a farewell ceremonial parade at the Parade Ground of New Police Lines, Kingsway Camp, in Delhi. UNI XC AKT RN More News SBK Singh gets additional charge of Delhi Police Commissioner 31 Jul 2025 | 7:59 PM New Delhi, July 31 (UNI) Senior IPS officer SBK Singh has been given the additional charge of Delhi Police Commissioner. see more.. Over 12 lakh antiquities documented across country: Govt 31 Jul 2025 | 7:53 PM New Delhi, July 31 (UNI) Since its inception in 2007, National Mission on Monuments and Antiquities (NMMA) under the Union Culture Ministry has successfully documented and published data on an impressive 12,41,349 antiquities with Delhi topping the list, a senior minister said today. see more.. Cabinet okys Rs 6K crore outlay for PM Kisan Sampada Yojana till FY '26 31 Jul 2025 | 7:23 PM New Delhi, July 31 (UNI) The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved Rs 6,520 crore for the ongoing Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the 15th Finance Commission Cycle (2021-22 to 2025-26). see more.. Cabinet approves Rs 2k cr Grant-in-aid scheme to NCDC to boost cooperative sector 31 Jul 2025 | 6:18 PM New Delhi, July 31 (UNI) The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved the Central Sector Scheme 'Grant in aid to National Cooperative Development Corporation (NCDC)', with an outlay of Rs 2,000 crore over four years from 2025-26 to 2028-29, to extend loans to cooperatives for their various activities, said an official statement. see more.. CCEA nod to four railway multi-tracking projects across six states 31 Jul 2025 | 5:35 PM New Delhi, July 31 (UNI) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi today approved four multi-tracking railway projects extending the Indian Railways network by approximately 574 km at an estimated cost of Rs 11,169 crore. Thirteen districts in Maharashtra, Madhya Pradesh, West Bengal, Bihar, Odisha, and Jharkhand will be covered under these projects. see more..
Time of India
31-07-2025
- Business
- Time of India
Pradhan Mantri Kisan Sampada Yojana boost: Centre clears Rs 6,520 crore for PMKSY expansion, 50 irradiation units and 100 food labs in pipeline
AI image The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the ongoing 15th Finance Commission cycle (2021–22 to 2025–26), the government said in an official release said. The allocation includes Rs 1,000 crore to support the setting up of 50 multi-product food irradiation units under the Integrated Cold Chain and Value Addition Infrastructure (ICCVAI) scheme, and 100 NABL-accredited food testing laboratories (FTLs) under the Food Safety and Quality Assurance Infrastructure (FSQAI) component. An additional Rs 920 crore has been approved for 'sanctioning projects under various component schemes of PMKSY during the 15th FCC,' according to the release. Highlighting the scope of the investment, the Cabinet said 'The implementation of the proposed 50 multi-product food irradiation units is expected to create total preservation capacity ranging from 20 to 30 Lakh Metric Tonnes (LMT) per annum, based on the type of food products irradiated under these units.' The food irradiation units are aimed at increasing shelf life and reducing post-harvest losses, while the 100 new food labs — to be set up by private players — will ensure 'compliance with food safety standards and supply of safe foods,' the release said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Libas Purple Days Sale Libas Undo The schemes are demand-driven and will follow the Expression of Interest (EOI) route. 'The proposals received against the EOI would be approved after proper scrutiny as per eligibility criteria as per the extant scheme guidelines,' it added. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
31-07-2025
- Business
- Time of India
Cooperative capital boost: Cabinet okays Rs 2,000cr aid to NCDC; cooperatives to gain Rs 20,000cr from market raise
File photo The Union Cabinet on Wednesday approved a Central Sector Scheme for providing Rs 2,000 crore in grant-in-aid to the National Cooperative Development Corporation (NCDC) over four years, with the aim of boosting cooperative activity across key rural sectors. According to the government release, the outlay — Rs 500 crore annually from FY26 to FY29 — will enable NCDC to raise Rs 20,000 crore from the open market, which in turn will be disbursed as loans to cooperatives for setting up new projects, expanding plants, and meeting working capital needs. 'These funds will be utilized by NCDC for granting loans to cooperatives for setting up new projects, expansion of plants, and meeting working capital requirements,' the Cabinet note said. The scheme is expected to benefit approximately 2.9 crore members of 13,288 cooperative societies spread across various sectors such as dairy, livestock, fisheries, sugar, textiles, food processing, storage, cold chains, labour and women-led cooperatives. NCDC will act as the executing agency and will oversee loan disbursement, implementation monitoring, and recovery. It will provide long-term credit and working capital loans either directly to cooperatives or through state governments, as per its funding guidelines. Eligible cooperatives will be considered for direct assistance against admissible security or state guarantees. The Cabinet stated that the infusion of funds will allow cooperatives to modernise infrastructure, enhance productivity, and generate rural employment, while helping bridge socio-economic gaps and expanding the role of women in the cooperative economy. India currently has more than 8.25 lakh cooperative societies with over 29 crore members, including 94% of farmers associated in some capacity. The scheme aims to strengthen this ecosystem by enabling cooperatives to access capital for growth and diversification. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
