Latest news with #UnionCabinet
New Indian Express
an hour ago
- Business
- New Indian Express
Cabinet approves six major projects, including 4 for strengthening rly link
In another decision, the Union Cabinet approved aid of Rs 2,000 to the NCDC over four years in Rs 500 crore tranches, beginning from the 2025-26 fiscal year, Vaishnaw said. According to officials, the NCDC will now be able to raise Rs 20,000 crore from the open market over these four years, which will be placed for granting loans to cooperative societies to set up new projects or carry out expansion plans. 'The government aims to benefit 2.9 crore members of 13,288 cooperative societies in various sectors,' the minister said, adding, the NCDC fund also aims to create income-generating capital assets, expected to boost employment opportunities across skill levels. Meanwhile, the CCEA has approved four railway multi-tracking projects covering 13 districts in Maharashtra, MP, West Bengal, Bihar, Odisha and Jharkhand, increasing the existing network by about 574 km at a cost Rs 11,168 crore. 'These projects include the Itarsi-Nagpur 4th Line, Aurangabad (Chhatrapati Sambhajinagar) - Parbhani doubling, Aluabari Road-New Jalpaiguri 3rd and 4th Line, and Dangoaposi-Jaroli 3rd and 4th Line. All these projects will be completed by 2028-29,' Vaishnaw said. Streamline Operations, Alleviate Congestion Four multi-tracking projects for railways get Cabinet nod Itarsi-Nagpur 4th line Aluabari Road-New Jalpaiguri 3rd and 4th Lines Chhtrapati Sambhajinagar- Parbhani line doubling Dangoaposi-Jaroli 3rd and 4th lines Projects to generate direct employment for about 229 lakh man-days during construction Enhance connectivity to approximately 2,309 villages, with population of about 43.60 lakh
Hans India
2 hours ago
- 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.
Hans India
2 hours ago
- Business
- Hans India
Cabinet clears Rs 6.5K cr outlay for Kisan Yojana
New Delhi: The Union Cabinet on Thursday approved a total outlay of Rs 6,520 crore for the ongoing Central Sector Scheme, Pradhan Mantri Kisan Sampada Yojana (PMKSY), for the period of the 15th Finance Commission cycle (2021-22 to 2025-26). The approved amount includes an additional allocation of Rs 1,920 crore to support new and existing projects under the scheme. Of the total outlay, Rs 1,000 crore has been earmarked to set up 50 Multi-Product Food Irradiation Units under the component scheme Integrated Cold Chain and Value Addition Infrastructure (ICCVAI) and 100 NABL-accredited Food Testing Laboratories under the Food Safety and Quality Assurance Infrastructure (FSQAI) component. These initiatives are in alignment with announcements made in the Union Budget. The remaining Rs 920 crore will be used to sanction projects under various other components of PMKSY during the current Finance Commission cycle. Both ICCVAI and FSQAI are demand-driven schemes, with proposals to be invited through Expressions of Interest (EOIs) from eligible entities across the country. Projects will be selected following scrutiny based on the eligibility norms outlined in the scheme guidelines. According to the Ministry of Food Processing Industries, the 50 irradiation units are expected to create additional preservation capacity ranging from 20 to 30 lakh metric tonnes (LMT) per annum, depending on the types of food processed. These units will play a crucial role in extending the shelf life of agricultural produce, thereby reducing post-harvest losses. In parallel, the proposed 100 food testing labs in the private sector are aimed at developing advanced infrastructure for analysing food samples. The Ministry said these facilities would help strengthen food safety mechanisms and ensure the availability of safe, quality-compliant food products in the market. The Pradhan Mantri Kisan Sampada Yojana, launched in 2017, seeks to create modern infrastructure and efficient supply chains for the food processing sector.
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Business Standard
9 hours ago
- Business
- Business Standard
Cabinet clears ₹11,169 crore for railway multitracking across six states
The four projects span 574 km across 13 districts, enhancing freight movement, easing congestion, and benefiting over 4.4 million people in 2,309 villages Dhruvaksh Saha New Delhi The Union Cabinet on Thursday approved four major railway multitracking projects totalling ₹11,169 crore across 13 districts in six states. The approved routes are the Itarsi–Nagpur fourth line, Aurangabad (Chhatrapati Sambhajinagar)–Parbhani doubling, Aluabari Road–New Jalpaiguri third and fourth lines, and Dangoaposi–Jaroli third and fourth lines. 574-km track addition to benefit 4.4 million people The projects will collectively add 574 kilometres to the national rail network and improve connectivity for approximately 2,309 villages with a combined population of about 4.4 million. 'These are essential routes for transporting commodities such as coal, cement, clinker, gypsum, fly ash, containers, agricultural produce, and petroleum products. The capacity augmentation will allow for an additional 95.91 million tonnes per annum (MTPA) of freight traffic,' the Cabinet said in its statement. Lower emissions, cut oil imports, save logistics costs Positioned as a sustainable alternative, the projects are expected to reduce India's logistics costs by ₹1,200 crore, cut oil imports by 160 million litres, and lower CO₂ emissions by 5.15 billion kg — equivalent to the environmental benefit of planting 2 billion trees. The enhanced track capacity is also expected to significantly improve mobility, operational efficiency, and service reliability for Indian Railways, streamlining operations and alleviating congestion on key freight corridors. Itarsi–Nagpur line: largest project, high-density corridor Of the four, the Itarsi–Nagpur fourth line is the largest, with an estimated cost of ₹5,451 crore. It spans 297 kilometres and forms part of the Delhi–Chennai High-Density Network while intersecting the Mumbai–Howrah High-Density Network at Nagpur. 'This project will enable faster and more efficient movement of both passenger and goods traffic in Maharashtra and Madhya Pradesh,' said Ashwini Vaishnaw, Union Minister of Railways and Information and Broadcasting. The Itarsi–Nagpur section will include 37 stations, 36 major bridges, 415 minor bridges, 2 rail overbridges (ROBs), 74 rail underbridges (RUBs), 4 tunnels, and 2 additional ROBs. The project is expected to facilitate 10 million tonnes of additional cargo. The Dangoaposi–Jaroli third and fourth line project, covering 43 kilometres at a cost of ₹1,752 crore, spans parts of Odisha and Jharkhand. It will connect iron ore mines to steel production hubs and is expected to play a crucial role in meeting India's 300-million-tonne annual steel production target, Vaishnaw said.
United News of India
11 hours ago
- Business
- United News of India
Cabinet okys Rs 6K crore outlay for PM Kisan Sampada Yojana till FY ‘26
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). The sum includes an additional allocation of Rs 1,920 crore for ongoing projects under the scheme, as per an official statement here. The approval comprises Rs 1,000 crore to support the establishment of 50 multi-product food irradiation units under the Integrated Cold Chain and Value Addition Infrastructure (ICCVAI) component, and 100 NABL-accredited Food Testing Laboratories (FTLs) under the Food Safety and Quality Assurance Infrastructure (FSQAI) component of PMKSY. This move aligns with recent budget announcements, said the statement. Further, Rs 920 crore has been sanctioned for new projects under various other components of the PMKSY during the 15th Finance Commission Cycle. Both ICCVAI and FSQAI are demand-driven schemes under PMKSY. To invite proposals, Expression of Interests (EOIs) will be floated across the country targeting eligible entities. Submissions will be scrutinised and approved based on extant scheme guidelines and eligibility criteria. The implementation of the 50 multi-product food irradiation units is expected to add a preservation capacity ranging from 20 to 30 lakh metric tonnes annually, depending on the nature of the food products processed, said the statement. The establishment of 100 NABL-accredited food testing laboratories in the private sector will bolster infrastructure for advanced food testing, ensuring compliance with safety standards and enhancing the supply of safe food products nationwide, it said. UNI AJ SSP
