Page 35 - NIS 01-15 JAN 2022 English

CABINET DECISIONS

GOVERNMENT LENDS A HELPING HAND TO VILLAGE-

POOR-FARMER AND ELECTRONIC MANUFACTURERS

The Union Cabinet in its latest meet has extended till March 2024 the Pradhan
Mantri Awas Yojana to provide housing to the rural poor. The approval of Ken-
Betwa Link Project, gives a new momentum to development. Soon Made in
India semiconductors for electronic products to usher in a new era for the
manufacturing sector..

up to 10.62 lakh hectares in the drought-prone
and water-stressed areas of Chhatarpur, Panna,
and Tikamgarh in Madhya Pradesh and Banda,
Mahoba, and Jhansi in Uttar Pradesh. With the
joining of the canal, about 62 lakh people will
get drinking water. The increase in agricultural
activities will promote socio-economic prosperity
in the backward region of Bundelkhand. This will
also help in preventing displacement due to crises
in the region. Environmental management and
protection will be possible in a holistic manner
through this project.
n DECISION- The cabinet approved the continuation
of Pradhan Mantri Awas Yojana-Gramin (PMAY-G) n DECISION: The dream of Made in India
beyond March 2021 till March 2024 with an semiconductor chips will be fulfilled for which the
expenditure of Rs 2,17,257 crore. This will ensure Rs 76,000 crore plan has been approved.
'Housing for All' in rural areas. n IMPACT: The semiconductor chip, which
n IMPACT: Financial assistance will be provided to is considered the most important part of
155.75 lakh families for the construction of 'Pucca the electronic items in today's era including
Houses' with basic amenities, so as to achieve the smartphones can now be made in India too.
objective of 'Housing for All' in rural areas. As of A complete ecosystem for semiconductors in
November 29, 2021, out of the target of 2.95 crore the country will be set up in the next 6 years.
houses under PMAY-G, 1.65 crore houses have Under this, the design, fabrication, packaging,
been constructed. It is estimated that 2.02 crore testing, of semiconductor chips will be
houses will be completed by the 15 August 2022 developed in the country. For this, an investment
deadline. Hence the scheme needs to be continued of Rs 76 thousand crore has been approved.
till March 2024 to achieve the overall target of 2.95 An incentive of Rs 2.3 lakh crore will be given
crore houses. under the PLI scheme to make India a global hub.
India Semiconductor Mission will be set up to run
n DECISION: The Union Cabinet has approved the it in mission mode.
project for the interlinking of Ken-Betwa rivers. The
cost of this project will be Rs 44,605 crore. This n DECISION: Approval of the proposal to extend the
project will be completed in 8 years. Pradhan Mantri Krishi Sinchai Yojana by five years
n IMPACT: The project will generate 103 MW of from the year 2021 to the year 2026
hydropower and 27 MW of solar power. A special n IMPACT: Pradhan Mantri Krishi Sinchai Yojana
body named Ken-Betwa Link Project Authority will change the lives of 22 lakh farmers of the
(KBLPA) will be formed for the implementation of country, including 2.5 lakh scheduled castes and
this project. This will provide annual irrigation of 2 lakh scheduled tribe farmers.

New India Samachar January 1-15, 2022 33