look news india
PM Modi Cabinet: Many important decisions have been taken in the Union Cabinet meeting today. Giving information about the meeting, Union Minister Ashwini Vaishnav said that to further strengthen the Food Corporation of India (FCI), its equity capital has been increased to Rs 10,700 crore. From 2004 to 2014 the food subsidy was Rs. 5.15 lakh crore, which will increase to Rs 5.15 lakh crore from 2014 to 2024. 21.56 lakh crore, which will improve food security and distribution system.
Vidyalakshmi scheme also approved
Along with this, the Cabinet has also approved the Pradhan Mantri Vidyalakshmi Yojana. Under this scheme, children from families with income less than Rs 8 lakh will get education loan up to Rs 10 lakh at an interest rate of 3 percent for higher education.
This loan will be given to 1 lakh students every year, so that they can pursue higher education despite the financial crisis. A provision of Rs 3,600 crore has been made for this scheme, which will be implemented from the financial year 2024-25.