In a series of decisions taken on Wednesday, the Union cabinet clears projects worth 1500 crore for the development of Assam. It includes an incentive scheme to promote small-value BHIM-UPI transactions of over 2000 rupees, Establishing a urea plant in the state, revival of two schemes for boosting dairy production, and a greenfield six-lane national highway construction project of 4500 crore to connect JNPA port in Pagote to Chowk in Maharashtra.
PM Modi posted on X regarding the UPI scheme, “The incentive scheme on promoting low-value UPI transactions, which has been approved by the Cabinet today will encourage digital payments and further ‘Ease of Living’.”
The urea plant being constructed as a brownfield project in Namrup at 10,601 crores was dedicated as a step towards India’s “Act-East Policy”. It is being set up with a focus on export potential to the Southeast Asian nations close to India’s border.
The six-lane highway will further boost connectivity and reduce the logistics cost and is being developed on a BOT(build operate transfer) model.
A boost to the dairy sector is also said to be given under the revised National Programme for Dairy Development with an increased corpus of 1000 crore, to a total of 2790 crore up from the targets under the 15th Finance Commission. The plan focuses on improving cooperatives in the hilly state for better production of milk and other dairy products.
The Rashtriya Gokul Mission aims to increase milk production by artificial insemination and in-vitro fertilization of animals, which is also planned at a budget of 3400 crore. The schemes will provide “ease of doing business” and employment opportunities for the people of Assam and help boost the state’s trade and economy in the future.
