The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday cleared a string of proposals including additional 50 days of work under the MGNREGA scheme for people in drought-hit area.
The government also gave approval to a scheme to enable EXIM Bank to offer concessional finance to support Indian companies bidding for strategically important infrastructure projects abroad.
Here are crucial proposals cleared by the government:
1. People in drought-hit areas will get additional 50 days of work under the MGNREGA scheme due to monsoon deficit in various parts of the country.
At present, 100 days of work is provided to rural job card holders under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).
2. In a bid to make domestic firms globally competitive, Exim Bank will provide concessional finance to Indian companies bidding for strategically important infrastructure projects abroad.
3. Seeking to bridge the rural-urban divide, government will set up 300 rural clusters by 2019-20 across the country as the Union Cabinet approved Shyama Prasad Mukherji Rurban Mission with an outlay of Rs 5142.08 crore.
The mission aims to spur economic, social and infrastructure development in rural areas.
4. The government approved creation of four posts of directors for four new National Institutes of Design (NIDs) at Kurukshetra, Bhopal, Jorhat and Vijayawada.
5. Aiming at overall economic development of the region, Cabinet Committee on Economic Affairs (CCEA) today approved doubling of Hotgi-Kudgi-Gadag railway line, connection Mumbai and Bengaluru, at an estimated cost of Rs 2058 crore.