‘Reform trajectory continues’: PM Modi on Cabinet decisions to boost economic growth


PTI, Jun 24, 2020, 6:24 PM IST

New Delhi: The “landmark” decisions taken by the Union Cabinet on Wednesday are aimed at accelerating economic growth and the country’s strides in space, besides assisting farmers, villages and small businesses, Prime Minister Narendra Modi has said.

In a series of tweets after chairing the Cabinet meeting, he said crores of Indians will gain from these decisions.

“The reform trajectory continues,” he tweeted, referring to the decision to allow participation of the private sector in the entire range of space activities, including planetary exploration missions.

The Union Cabinet’s approval to reforms in the space sector is yet another step towards making the nation self-reliant and technologically advanced, he said. “The reforms will boost private sector participation as well.”

Referring to decisions related to Micro, Small and Medium Enterprises (MSME), Modi pointed out that the Cabinet approved an interest subvention scheme for Shishu loan accounts under the Pradhan Mantri Mudra Yojana.

“This scheme would provide valuable support and stability to small businesses,” he said.

Setting up of the Animal Husbandry Infrastructure Development Fund augurs well for the sector, he said, adding that it will boost the income of farmers.

“Investment and sectoral infrastructure, especially in dairies, will get an impetus,” he said.

The prime minister said the decision to upgrade the Kushinagar airport as an international airport is great news for Uttar Pradesh, tourism and those inspired by the noble thoughts of Lord Buddha.

“Kushinagar Airport will now be an international airport. Connectivity will improve significantly. More tourists and pilgrims will also mean better opportunities for the local population,” he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Davangere: MLA Basavantappa returns Rs 1.2 lakh left behind at shop

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Karnataka

MLA Bharat Shetty condemns attack on Edneer Math Swamiji’s vehicle in Kerala

‘Idiot’: Former Canadian Sikh minister slams Justin Trudeau over Khalistan issue

Salman Khan gets another threat, asked to cough up Rs 5 cr

Canadian cop suspended for attending pro-Khalistan protest outside Hindu temple

Rahul Gandhi to attend caste census meeting in Hyderabad today

Related Articles More

India, Australia strategic partnership growing steadily: EAM Jaishankar

Rahul Gandhi to attend caste census meeting in Hyderabad today

FIR against Sanjay Raut’s brother for remarks against Shiv Sena’s woman leader

In-flight passengers can access WiFi services only when allowed, say new rules

Balasore tragedy result of composite negligence of railway officials: Orissa High Court

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

India, Australia strategic partnership growing steadily: EAM Jaishankar

Davangere: MLA Basavantappa returns Rs 1.2 lakh left behind at shop

Ullal: Man attacked for allegedly providing information on illegal sand mining

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Bengaluru

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Karnataka

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.