Cabinet approves Rs 10,000 crore scheme to boost domestic manufacturing
The Union Cabinet has approved the Container Manufacturing Promotion Scheme, which aims to enhance domestic manufacturing with a total outlay of 10,000 crore rupees over 13 years, extending to the financial year 2039-40. Information and Broadcasting Minister Ashwini Vashnaw announced this decision during a media briefing in New Delhi, highlighting the scheme's four components: Interest Subvention Assistance, Testing and Certification assistance, Land Leasing support, and Operational Expenditure Assistance. Additionally, the Cabinet approved a 3 percent increase in Dearness Allowance for central government employees and Dearness Relief for pensioners, effective from July 1, 2026. Other initiatives include the Khelo India Sports Goods Manufacturing Scheme and the Pradhan Mantri Viksit Gram Swaraj Yojana, aimed at promoting sports goods manufacturing and empowering local self-governance, respectively.
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