Cabinet’s choice had been centered on welfare of migrant employees, PM Narendra Modi stated.
New Delhi: The choices taken by the Union Cabinet on Wednesday had been centered on welfare of migrant employees, senior residents, simpler availability of credit score and harnessing alternatives within the fisheries sector, Prime Minister Narendra Modi has stated.
“During today’s Cabinet meeting, important decisions were taken which are focused on welfare of migrants, senior citizens, easier availability of credit, harnessing opportunities in 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 can revolutionise the fisheries sector.
“It will invigorate it with latest technology, infrastructure and ensure financial assistance. Our hardworking fishermen will gain immensely,” the Prime Minister identified.
“It will also strengthen the efforts towards Atmanirbhar Bharat (a self-reliant India),” he stated.
According to the Food Processing Ministry, the Union Cabinet’s choice on scheme for formalisation of micro meals processing enterprises will present an enormous increase to the self-help teams, cooperatives and micro meals companies and guarantee satisfactory livelihood for rural-urban communities.
The Union Cabinet 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, applied via the Life Insurance Corporation (LIC), is meant to offer an assured minimal pension to senior residents (60 years and above) primarily based on an assured return on the acquisition worth/subscription quantity.
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