Cabinet's big decisions: Hydro project got approval in Jammu and Kashmir, government gave big relief to street vendors
Giving a big relief to the farmers, the central government has increased the subsidy on DAP by five times. The cost of one bag of DAP will now be Rs 1350 as before. Information and Broadcasting Minister Anurag Thakur said on Wednesday, in order to provide relief to the farmers in the era of inflation, the Modi government has increased the subsidy on DAP by five times to Rs 2501 for this Kharif season. In the year 2020-21, there was a subsidy of Rs 512 on a bag of DAP. The current maximum retail price of DAP is Rs 1350 per bag. If there is no subsidy, then the cost of one bag will be Rs 3851. Thakur said that with this savings on DAP, farmers can buy agricultural equipment, other fertilizers, seeds or medicines.
Anurag Thakur told the media after the cabinet meeting on Wednesday that the cabinet has approved a total subsidy of Rs 60,939 crore for phosphorus and potash fertilizers for the Kharif season. The government has taken this decision when there is a continuous shortage of raw materials due to the supply being affected in the global market. And the prices of fertilizers have increased wildly. This will give a lot of relief to the farmers.
Other important decisions of the cabinet
-Guarantee free loan scheme PM Svanidhi for street vendors extended till December 2024. The loan amount sanctioned from the extended plan period will reach Rs.8100 crore.
-Approved to upgrade 2G mobile service to 4G in Naxal affected areas. Rs 2,426 crore will be spent on this. Under this, BSNL will upgrade 2542 towers from 2G to 4G in 10 states.
-Approval of Rs 820 crore for providing financial assistance to India Post Payment Bank. This will help the bank to reach the far flung parts of the country. In-principle approval for provident fund of Rs -500 crore for regulatory requirements and technological upgradation.
-Kwar Hydro Electric Project approved at a cost of 4526.12 crores in Jammu and Kashmir. Here 540 MW of electricity will be produced. This will give employment to 2700 people.