Following a cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnav briefed media in New Delhi on the scheme's goals, which include developing world-class industrial infrastructure, unleashing manufacturing potential, and accelerating national prosperity. He stated that one crore rupees per acre will be spent on establishing industrial parks ranging in size from 100 to 1,000 acres.
The Cotton Corporation of India Limited would get a Minimum Support Price (MSP) of around ₹1,718 crore for the 2023-24 cotton season, as approved by Cabinet. Shri Vaishnav stated that the MSP is set to protect the interests of cotton producers, particularly when market prices fall below the MSP.
The Cabinet also approved the Small Hydro Power Development Scheme for the period 2026-27 to 2030-31, which includes an outlay of more than Rs 2,584 crore for the construction of small hydropower facilities with a capacity of around 1500 MW.
The Cabinet has approved the building of the nearly 101-kilometer-long four-lane National Highway-927 from Barabanki to Bahraich in Uttar Pradesh, at a cost of more than Rs 6,969 crore.
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