The choices taken by the Union Cupboard on Wednesday had been centered on welfare of migrant staff, senior residents, simpler availability of credit score and harnessing alternatives within the fisheries sector, Prime Minister Narendra Modi has stated.
“Throughout right this moment’s Cupboard assembly, essential selections had been taken that are centered on welfare of migrants, senior residents, simpler availability of credit score, harnessing alternatives within the fisheries sector,” he wrote on Twitter.
The choices, he stated, will profit a number of residents.
Referring to the Pradhan Mantri Matsya Sampada Yojana, Modi stated it should revolutionise the fisheries sector.
“It should invigorate it with newest know-how, infrastructure and guarantee monetary help. Our hardworking fishermen will achieve immensely,” the Prime Minister identified.
“It should additionally strengthen the efforts in direction of Atmanirbhar Bharat (a self-reliant India),” he stated.
In response to the Meals Processing Ministry, the Union Cupboard’s determination on scheme for formalisation of micro meals processing enterprises will present a giant enhance to the self-help teams, cooperatives and micro meals companies and guarantee satisfactory livelihood for rural-urban communities.
The Union Cupboard on Wednesday additionally prolonged the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a social safety scheme for senior residents, for 3 years until March, 2023.
The PMVVY scheme, carried out by means of the Life Insurance coverage Company (LIC), is meant to present an assured minimal pension to senior residents (60 years and above) primarily based on an assured return on the acquisition worth/subscription quantity.