STOCK MARKET BSE NSE

Cabinet decisions will help several citizens, strengthen efforts towards a self-reliant India: PM Modi

Referring to the Pradhan Mantri Matsya Sampada Yojana, PM Narendra Modi said it will revolutionise the fisheries sector.

Published: 21st May 2020 12:54 AM  |   Last Updated: 21st May 2020 12:54 AM   |  A+A-

PM Narendra Modi

PM Narendra Modi (Photo | PTI)

By PTI

NEW DELHI: The decisions taken by the Union Cabinet on Wednesday were focused on welfare of migrant workers, senior citizens, easier availability of credit and harnessing opportunities in the fisheries sector, Prime Minister Narendra Modi has said.

"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 decisions, he said, will benefit several citizens.

Referring to the Pradhan Mantri Matsya Sampada Yojana, Modi said it will 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 pointed out.

He said another important decision of the Cabinet will contribute to a vibrant food processing sector.

"It will also strengthen the efforts towards Atmanirbhar Bharat (a self-reliant India)," he said.

According to the Food Processing Ministry, the Union Cabinet's decision on scheme for formalisation of micro food processing enterprises will provide a big boost to the self-help groups, cooperatives and micro food businesses and ensure adequate livelihood for rural-urban communities.

The Union Cabinet on Wednesday also extended the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a social security scheme for senior citizens, for three years till March, 2023.

The PMVVY scheme, implemented through the Life Insurance Corporation (LIC), is intended to give an assured minimum pension to senior citizens (60 years and above) based on an assured return on the purchase price/subscription amount.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp