Historic decisions taken by Cabinet to boost infrastructure across sectors

Published By : Admin | June 24, 2020 | 16:09 IST
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Rs 15000 crore Animal Husbandry Infrastructure Development Fund set-up
Kushinagar Airport declared as an 'International Airport' – will boost tourism & provide impetus to economic development in the region
Additional investment for further development of Shwe oil & gas project in Myanmar approved – will assist strengthening of Energy Bridges with neighbours
 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi met on 24th June, 2020 and took several landmark decisions, which will go a long way providing a much needed boost to infrastructure across sectors, which are crucial in the time of pandemic.

1.Animal Husbandry Infrastructure Development Fund set-up

Background :

In pursuance of recently announced Atma Nirbhar Bharat Abhiyan stimulus package, Cabinet today approved setting up of Animal Husbandry Infrastructure Development Fund (AHIDF) amounting to Rs. 15000 crore.

Government had earlier approved the Dairy Infrastructure Development Fund (DIDF) worth Rs. 10,000 crores for incentivizing investment by cooperative sector for development of dairy infrastructure. However, the MSMEs and Private companies also need to be promoted and incentivized for their participation in processing and value addition infrastructure in the animal husbandry sector.

The AHIDF approved today would incentive infrastructure investments in dairy, meat processing and animal feed plants. The eligible beneficiaries under the Scheme would be Farmer Producer Organizations (FPOs), MSMEs, Section 8 Companies, Private Companies and individual entrepreneur with only 10% margin money contribution by them. The balance 90% would be the loan component to be made available to them by scheduled banks.

Government of India will provide 4% interest subvention to eligible beneficiaries from the Aspirational Districts and 3% for beneficiaries from other Districts. There will be 2 years moratorium period for repayment of loan with 6 years repayment period thereafter. Government of India would also set up a Credit Guarantee Fund of Rs. 750 crore to be managed by NABARD which would provide credit guarantee to the projects which are covered under the MSME defined ceilings. Guarantee Coverage would be upto 25% of the Credit facility of borrower.

Benefits :

There is huge potential waiting to be unlocked through private sector investment in animal husbandry sector. The AHIDF with the interest subvention scheme for private investors will ensure availability of capital to meet upfront investment required for these projects and also help enhance overall returns/ pay back for investors. Such investments in processing and value addition infrastructure by eligible beneficiaries would also promote exports.

Since almost 50-60% of the final value of dairy output in India flows back to farmers, the growth in this sector can have significant direct impact on farmer’s income. Size of dairy market and farmers’ realization from milk sales is closely linked with development of organized off-take by cooperative and private dairies. Thus, investment of Rs. 15,000 crores through AHIDF would not only leverage several times more private investment but would also motivate farmers to invest more on inputs thereby driving higher productivity leading to increase in farmers income. The measures approved today through AHIDF would also help in direct and indirect livelihood creation for about 35 lakh persons.

 

2.Declaration of Kushinagar Airport in UP as International Airport

Background :

Kushinagar is an important Buddhist pilgrimage site, where Gautama Buddha attained Mahaparinirvana after his death. It is regarded as a very sacred Buddhist pilgrimage centre where Buddhists pilgrims from all over the world come for pilgrimage. Kushinagar is dotted with several  other Buddhist sites in the nearby surroundings like Sravasti (238 km), Kapilvastu (190 km) and Lumbini (195 km) that makes it an attraction for both followers and visitors alike. Kushinagar already serves as the presenting site for Buddhist circuit pilgrimage spanning across India and Nepal. Union Cabinet has approved the proposal to declare Kushinagar Airport in Uttar Pradesh as an International Airport.  

Benefits :

The Buddhist Circuit is a key pilgrimage destination for 530 million practicing Buddhists across the globe. Hence declaration of Kushinagar Airport as an 'International Airport' will offer improved connectivity, wider choice of services at competitive costs to the air-travellers resulting in boosting of domestic/international tourism and economic development of the region.

On any given day, around 200-300 devotees from Thailand, Cambodia, Japan, Burma, etc are coming and offering their prayers at Kushinagar. However, this International tourist destination has no direct connectivity, which has been a long pending demand of the visitors.

Direct international connectivity to Kushinagar would substantially increase the number of foreigners and domestic tourists visiting  Kushinagar, which will also provide impetus to economic development of the region. The international airport is expected to boost the already growing tourism and hospitality ecosystem in the country.

3.Additional investment by OVL towards further development of Shwe oil & gas project in Myanmar approved

Background :

ONGC Videsh (OVL) has been associated with exploration and development of Shwe gas project in Myanmar since 2002, as part of a consortium of companies from South Korea, India and Myanmar. The Indian PSU, GAIL, is also a co-investor in this project. OVL has invested US$ 722 million (about Rs 3949 crores, as per corresponding average annual exchange rate) till 31st March 2019 in this project. The first gas from Shwe Project was received in July 2013 and plateau production was reached in December 2014. The Project has been generating positive cash flows since FY 2014-15. The Cabinet Committee on Economic Affairs today approved additional investment of US$ 121.27 million (about Rs 909 crores; 1 US$ = Rs 75) by ONGC Videsh Ltd (OVL) towards further development of Shwe oil & gas project in Myanmar.

Benefits :

The participation of Indian PSUs in oil & gas exploration and development projects in neighbouring countries is aligned with India’s Act East Policy, and also part of India’s strategy to develop Energy Bridges with its neighbours in addition to further strengthening India’s energy security needs.

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PM inaugurates and lays the foundation stone of multiple development initiatives worth over Rs. 1800 crores
July 07, 2022
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“Kashi today presents a picture of development with heritage”
“My Kashi is a great example of Sabka Saath, Sabka Vikas, Sabka Vishwas aur Sabka Prayas”
“The citizens of Kashi have given a message to the entire country that short-cuts cannot benefit the country”
“ The government has always tried to solve the problems of the poor, tried to support them in their happiness and sorrow”
“For us, development isn’t just glitter. For us, development means empowerment of the poor, downtrodden, deprived, backward, tribal, mothers and sisters”

The Prime Minister, Shri Narendra Modi today inaugurated and laid the foundation stones of multiple projects worth over Rs. 1800 crores at an event at Dr Sampurnanand Sports Stadium, Sigra, Varanasi. Governor of Uttar Pradesh Smt Anandiben Patel, and Chief Minister of Uttar Pradesh Yogi Adityanath were among those present on the occasion.

At the outset, the Prime Minister thanked the people of Uttar Pradesh and Kashi for the massive support that they gave in the recent elections.

The Prime Minister said that Kashi has always been alive and in constant flux. Now Kashi has shown a picture of the whole country which has a heritage as well as development. The Prime Minister said that schemes and projects of thousands of crores rupees have been completed and many are going on. He said the soul of Kashi is internal, however, relentless improvement in the body of Kashi is going on. He remarked that the development is making Kashi more mobile, progressive and sensitive. “My Kashi is a great example of Sabka Saath, Sabka Vikas, Sabka Vishwas aur Sabka Prayas”, he said.

The Prime Minister, who is MP from Kashi, commented “I am happy to see the way the aware citizens of Kashi have done the work to give direction to the country. The citizens of Kashi have given a message to the entire country that short-cuts cannot benefit the country.” He praised the local people for preferring long-lasting solutions and projects over temporary and short-cut solutions. He said improvements in infrastructure and other spheres have brought tourism to the city and created new opportunities for business and ease of living.

Talking about the upcoming Sawan month, the Prime Minister said devotees of Baba Vishwanath from all over the country and the world are going to come to Kashi in large numbers. This, he remarked, will be the first Sawan festival after the completion of the Vishwanath Dham project. He said people have experienced in the past months how much enthusiasm there is in the whole world about Vishwanath Dham. He said the government is moving ahead with a goal to make the experience of devotees as rich and easy as possible. Various Yatras of faith are being made easy and convenient.

“For us, development doesn't just mean glitter. For us, development means empowerment of the poor, downtrodden, deprived, backward, tribal, mothers and sisters”, the Prime Minister said. He said the government is working continuously on providing pucca houses and piped water to every household.

The Prime Minister said our government has always tried to solve the problems of the poor, tried to support them in their happiness and sorrow. From the free corona vaccine to the provision of free rations to the poor, the government has not left any opportunity to serve the people. Digital India, Ayushman Bharat, increasing medical infrastructure is creating new opportunities for the people. The Prime Minister remarked that on one hand, we are expanding the facilities for CNG-run vehicles to make the cities of the country smoke-free. On the other hand, we are also giving the option of connecting diesel and petrol-powered boats of our sailors with CNG and taking care of Ganga ji.

The Prime Minister also noted the enthusiasm of sportspersons for getting a new sports centre. The Prime Minister said that the government is working on making all facilities for Olympics sports available in Kashi. He said international facilities are being created in the redeveloped stadium at Sigra. This six decades-old stadium will be equipped with the facilities of the 21st century.

The Prime Minister asked the people of Kashi to keep Ganga and Varanasi clean and expressed the confidence that with the support of the people and blessings of Baba Vishwanath, all pledges for the city will be fulfilled.

Inauguration and foundation stone of multiple development initiatives

In the last eight years, the Prime Minister has put a lot of focus on infrastructure development in Varanasi. This has resulted in the transformation of the landscape of the city. The primary focus of this endeavour has been enhancing the ease of living for the people. Taking another step in this direction, during the programme, the Prime Minister inaugurated projects worth over Rs 590 crores. Among these are multiple initiatives under Varanasi Smart City and Urban Projects, including the re-development of Namo Ghat in Phase-I along with the construction of bathing jetty; conversion of diesel and petrol engines of 500 boats into CNG; redevelopment of Kameshwar Mahadev ward of Old Kashi and over 600 EWS flats constructed in village Harhua, Dasepur; new Vending Zone and urban place prepared under Lahartara-Chowka Ghat Flyover; tourist facility and market complex at Dashashwamedh Ghat; and 33/11 KV Substation at Nagwa under IPDS Work Phase-3.

The Prime Minister also inaugurated various road projects including the construction of Four Lane Road over Bridge (ROB) on Babatpur-Kapsethi-Bhadohi Road; Bridge on Varuna River on Central Jail road; widening of Pindra-Kathiraon Road; widening of Phoolpur-Sindhaura Link Road; strengthening and construction of 8 rural roads; construction of 7 PMGSY roads and widening of Dharsauna-Sindhaura road.

The Prime Minister also inaugurated various projects related to the improvement of sewerage and water supply in the district. These include rehabilitation of Old Trunk Sewer Line in Varanasi City through trenchless technology; laying of sewer lines; over 25000 sewer house connections in Trans Varuna area; leakage repair works in Sis Varuna area of the city; rural drinking water scheme at Taatepur village, etc. Various social and education sector-related projects to be inaugurated include ITI at Village Mahgaon, Phase-II of Vedic Vigyan Kendra in BHU, Govt. Girls Home at Ramnagar, Theme Park in Govt. Old Age Women Home at Durgakund.

The Prime Minister inaugurated a synthetic athletic track and synthetic basketball court in Dr Bhim Rao Ambedkar Sports Complex, Bada Lalpur and various police and safety fire projects including non-residential Police Station building at Sindhaura, construction of hostel rooms, barracks in Mirzamurad, Cholapur, Jansa and Kapsethi police stations and building of Fire Extinguisher Centre in Pindra.

During the programme, the Prime Minister also laid the foundation stone for projects worth more than Rs 1200 crores. Among these are multiple road infrastructure projects including a six-lane widening of road from Lahartara - BHU to Vijaya Cinema; four-lane widening of road from Pandeypur Flyover to Ring Road; Four lanes of road from Kuchaheri to Sandaha; widening and strengthening of Varanasi Bhadohi Rural Road; construction of five new Roads and four CC roads in Varanasi rural area; construction of ROB near Babatpur railway station on Babatpur-Chaubeypur road. These projects will significantly help in reducing the traffic load on city and rural roads.

To give a fillip to tourism in the region, Prime Minister laid the foundation stone of multiple projects including the development work of the Sarnath Buddhist Circuit under the World Bank-aided UP Pro-Poor tourism development project, construction of Paavan Path for Asht Vinakaya, Dwadash Jyotirling Yatra, Asht Bhairaw, Nav Gauri Yatra, Tourism Development work of five stoppages in Panchkosi Parikrama Yatra Marg and Tourism development various wards in Old Kashi.

The Prime Minister also laid the foundation of Phase 1 of redevelopment works of Sports Stadium at Sigra.