Key Points
The Union Cabinet on Thursday approved key decisions related to the auction of telecom spectrum bands, PM Matsya Kisan Samriddhi Saha Yojana, Fisheries & Aquaculture Infrastructure Development Fund, and railway projects..
In 2021, the Union Government decided to conduct spectrum auctions every fiscal year to bring transparency in the process, said Information and Broadcasting Minister Anurag Thakur at the Cabinet briefing in Delhi on Thursday..
To formalise the unorganised fisheries sector, facilitate institutional finance to MSME and promote aquaculture insurance, the Union Cabinet also approved PM Matsya Samriddhi Sah Yojana, which is a sub-scheme of Pradhan Mantri Matsya Sampada Yojana (PMMSY)..
In another decision, the Union Cabinet announced the extension of the Fisheries Infrastructure Development Fund (FIDF) for another three years up to 2025-26 within the already approved fund of 7,522.48 crore and budgetary support of 939.48 crore..
A total of 121 fisheries infrastructure projects of 5,588.63 crore received a green signal from the government in the last five years during the previous phase of implementation of FIDF from 2018-19 to 2022-23, a total 121 fisheries infrastructure projects with an investment of 5,588.63 crore have been approved for creation of various fisheries infrastructures...
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