The Union Cabinet today approved new Umbrella Scheme 'Pradhan Mantri Annadata Aay Sanrakshan Abhiyan, PM-AASHA.
The Scheme is aimed at ensuring remunerative prices to farmers for their produce as announced in the Union Budget for 2018.
Briefing media in New Delhi, Agriculture Minister Radha Mohan Singh said, the step is a major boost to the pro-farmers initiative of the Government.
Mr Singh said, the new Umbrella Scheme is comprised of Price Support Scheme, Price Deficiency Payment Scheme and Pilot of Private Procurement and Stockist Scheme.
This step aims at protecting the farmers’ income which is expected to go a long way towards the welfare of farmers.
The government has already increased the MSP of Kharif crops by following the principle of 1.5 times the cost of production.
It is expected that the increase in MSP will be translated to farmer’s income by way of robust procurement mechanism in coordination with the State Governments.
Cabinet Committee on Economic Affairs has also approved electrification of remaining un-electrified broad gauge routes of Indian Railways.
Briefing media after the Cabinet meeting in New Delhi, Railway Minister Piyush Goyal said, with this a total of 13,675 kilometres of un-electrified routes will be electrified at a cost of 12,000 crore rupees.
The Railway Minister said, the decision will lead to significant benefits in the areas of safety, capacity, speed, energy security and sustainability in the railways.
Mr. Goyal Said, it will also generate direct employment of about 20.4 crore man-days during the period of construction. (AIR)