Many important decisions were taken at the cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday. Giving information about these decisions, Information and Broadcasting Minister Prakash Javadekar said that the government has taken a big step regarding the banking sector. The Modi cabinet has decided to bring all 1540 cooperative and multi-state cooperative banks under the purview of the Reserve Bank through an ordinance. This will secure the deposits of 8 crore 60 lakh account holders. Along with this, a two percent discount on interest in Mudra Shishu Loan has been announced. About 18 crore people will benefit from these two decisions.
Cooperative Bank under Reserve Bank
Javadekar said that there are 1482 urban co-operative banks and 58 multi-state cooperative banks in the country, today an ordinance has been brought about that all these banks will come under the supervision of the Reserve Bank. All banking rules will apply to these cooperative banks. The advantage will be that the depositor will get confidence that their money is safe. There are 8 crore 60 lakh account holders, 15 lakh banks and 4 lakh crores 84 lakh deposits.
Waiver of interest in Mudra loan scheme
Javadekar said that under the Mudra Loan Scheme, 9 crore 37 lakh people who take Shishu Mudra loan will get two percent rebate in interest. The cart and street vendors or small shopkeepers used to take money from moneylenders before Mudra Yojana, they had to pay a lot of interest. Now they get money from banks. They will now get a discount of 2 percent. There is a plan to benefit the younger man. The scheme will come into effect from 1 June 2020 and will run till 31 May 2021. 1540 crores will be spent for this year.
International Airport in Kushinagar
Giving information about the decision taken for the early construction of the international airport at Kushinagar in Uttar Pradesh, Prakash Javadekar said that Kushinagar is the center of the Buddhist circuit. There was no international level airport. Now an international airport is being built in Kushinagar. A three-km airstrip has been built there. Now a ship like Airbus can also land. With the start of international flights, aircraft will also start coming here. People going to the Buddhist circuit from here will benefit greatly.
OBC commission extended six months
Union Minister Prakash Javadekar said that the Union Cabinet has decided to extend the tenure of the Other Backward Classes (OBC) Commission by six months. He said that the commission was tasked to make various recommendations related to other backward classes. But the work was affected by the Corona virus outbreak. The commission has also been given the responsibility to look into the issue of classification within other backward classes. The tenure of the Commission has been extended to 31 January 2021.
Gas production in Myanmar
Our neighboring country Myanmar has considered investing 909 crore rupees in two more gas blocks. The new two blocks are A1, A3, gas will be researched and gas will be produced in these blocks. Gas is certain to start production, 909 crore rupees have been kept. This is an example of Modi ji’s Look East policy.
15 thousand crore rupees scheme for livestock
Javadekar said that a big decision has been taken regarding livestock. This program of Rs 15 thousand crore for livestock development is opening to everyone for the first time. This will increase milk production, increase exports and provide employment to people.
National Space Promotion and Authorization Center formed
Atomic Energy and Space Minister Jitendra Singh said that the government has decided to set up a National Space Promotion and Authorization Center. The work of this organization will be to guide private industries to space activities. Its job is to connect everyone and work together.