The selections taken by the Union Cupboard on Wednesday had been targeted on welfare of migrant employees, senior residents, simpler availability of credit score and harnessing alternatives within the fisheries sector, Prime Minister Narendra Modi has mentioned.
“Throughout at this time’s Cupboard assembly, vital selections had been taken that are targeted on welfare of migrants, senior residents, simpler availability of credit score, harnessing alternatives within the fisheries sector,” he wrote on Twitter.
The selections, he mentioned, will profit a number of residents.
Referring to the Pradhan Mantri Matsya Sampada Yojana, Modi mentioned it should revolutionise the fisheries sector.
“It would invigorate it with newest expertise, infrastructure and guarantee monetary help. Our hardworking fishermen will achieve immensely,” the Prime Minister identified.
“It would additionally strengthen the efforts in direction of Atmanirbhar Bharat (a self-reliant India),” he mentioned.
In response to the Meals Processing Ministry, the Union Cupboard’s determination 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 ample 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 offer an assured minimal pension to senior residents (60 years and above) primarily based on an assured return on the acquisition value/subscription quantity.