The Union Cabinet has approved the Pradhan Mantri Dhan-Dhanya Krishi Yojana (PMDDKY) with an outlay of Rs 24,000 crore per year by combining 36 schemes. Information and Broadcasting Minister Ashwini Vaishnav has made this announcement. The government has also approved Rs 7,000 crore for NLCIL to invest in renewable energy. Apart from this, the cabinet approved Rs 20,000 crore for NTPC to invest in renewable energy
What is the Prime Minister’s Dhan-Dhanya Agriculture Scheme?
The Union Cabinet on Wednesday approved the PM Dhan-Dhanya Agriculture Scheme for a period of six years. Under this, Rs 24,000 crore will be spent every year, and it will cover 100 districts. This program announced in the Union Budget will integrate 36 existing schemes and help in crop diversification and the adoption of sustainable agricultural practices.
Storage and irrigation facilities will be improved
Sharing information about the decision taken in the Union Cabinet, Information and Broadcasting Minister Ashwini Vaishnav said that the PM Dhan-Dhanya Krishi Yojana will increase post-harvest storage, improve irrigation facilities and increase agricultural productivity. 1.7 crore farmers are likely to benefit from this program.
NLC India may invest Rs 7000 crore in NIRL
The government on Wednesday allowed NLC India to invest Rs 7,000 crore in its wholly-owned subsidiary NIRL. The decision was taken by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi. The Cabinet Committee on Economic Affairs has approved a special exemption to NLC India Limited (NLCIL) from the existing investment guidelines applicable to Navratna Central Public Sector Enterprises (CPSEs).
In addition, an official statement said, “This strategic decision will help NLCIL to invest Rs 7,000 crore in its wholly-owned subsidiary NLC India Renewables Limited (NIRL). Under this, NIRL will be able to invest in various projects directly or by forming a joint venture. Prior approval will not be required for this.”
NTPC gets approval to invest Rs 20,000 crore in renewable energy
The central government on Wednesday allowed public sector NTPC to invest up to Rs 20,000 crore on renewable energy capacity expansion to achieve 60 GW capacity by 2032. Information and Broadcasting Minister Ashwini Vaishnav informed about the decision taken in the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. The previously approved limit for NTPC was Rs 7,500 crore.
The government has said that the permission given to NTPC and NGEL will help in the rapid development of renewable projects in the country. The statement said that this step will also play a significant role in strengthening the power infrastructure and ensuring investment in providing reliable power around the clock across the country.