financetom
Technology
financetom
/
Technology
/
Cabinet approves ₹1,261 crore drone scheme for women self-help groups
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cabinet approves ₹1,261 crore drone scheme for women self-help groups
Nov 29, 2023 6:25 AM

The Union Cabinet has given the nod for a central scheme to provide drones to 15,000 women Self Help Groups (SHGs), with an outlay of ₹1,261 crore for two years beginning next fiscal year, Union Information and Broadcasting Minister Anurag Thakur told reporters on Wednesday.

The decision was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi on Tuesday.

"The scheme aims to provide drones to 15,000 selected women SHGs from 2024-25 to 2025-2026 for providing rental services to farmers for agriculture purposes," Thakur said.

The initiative aims to integrate drone technology with the agricultural sector while empowering women SHGs. The strategy involves collaborative efforts from the Department of Agriculture & Farmers Welfare, Department of Rural Development, and Department of Fertilizers, alongside Women SHGs and Lead Fertiliser Companies.

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh. The remaining amount can be raised as a loan under the National Agriculture Infra Financing Facility, with a 3% interest subvention.

To ensure efficiency, a 15-day training programme will be mandated for selected SHG members. The programme is said to include drone pilot training and additional agriculture-focused training.

“It is envisaged that the approved initiatives under the scheme will provide sustainable business and livelihood support to 15,000 SHGs and they would be able to earn additional income of at least ₹1 lakh per annum,” the press release said.

Prime Minister Modi had announced empowering SHGs with drone technology from the Red Fort in his Independence Day speech on August 15, while pitching for leveraging the potential of science and technology in rural development.

(Edited by : Vijay Anand)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mccormick & Co price rallies - Forecast today - 27-03-2024
Mccormick & Co price rallies - Forecast today - 27-03-2024
Mar 27, 2024
Mccormick Companys stock price (MKC) rallied in the intraday levels, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, which helped the stock pierce the resistance of 70.50, with positive signals from the RSI despite reaching overbought levels. Therefore we expect more gains for the stock, targeting the first resistance at 82.94, provided...
American Eagle price returns higher - Forecast today - 27-03-2024
American Eagle price returns higher - Forecast today - 27-03-2024
Mar 27, 2024
American Eagle Outfitters stock (AEO) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, which could hinder upcoming gains. Therefore we expect more gains for the stock, targeting the pivotal resistance of 26.44. Trend...
The Latest Analyst Ratings For Adobe
The Latest Analyst Ratings For Adobe
Mar 27, 2024
In the latest quarter, 22 analysts provided ratings for Adobe , showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Boeing price amid negative outlook - Forecast today - 27-03-2024
Boeing price amid negative outlook - Forecast today - 27-03-2024
Mar 27, 2024
Boeing Companys stock (BA) fell in the intraday levels, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stocks movements, hinting at negative divergence. Therefore we expect more losses for the stock, targeting the pivotal support of 176.25, provided the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved