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 >
Behind the Scenes of Taiwan Semiconductor's Latest Options Trends
Behind the Scenes of Taiwan Semiconductor's Latest Options Trends
Jun 4, 2024
Deep-pocketed investors have adopted a bearish approach towards Taiwan Semiconductor , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TSM usually suggests something big is about to happen. We gleaned this information from our observations...
Unveiling 9 Analyst Insights On Iris Energy
Unveiling 9 Analyst Insights On Iris Energy
Jun 4, 2024
Ratings for Iris Energy ( IREN ) were provided by 9 analysts in the past three months, 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...
Musk asks Nvidia to ship AI chips booked for Tesla to X and xAI, CNBC reports
Musk asks Nvidia to ship AI chips booked for Tesla to X and xAI, CNBC reports
Jun 4, 2024
June 4 (Reuters) - Tesla CEO Elon Musk has told Nvidia ( NVDA ) to prioritize shipments of AI processors to his companies X and xAI over the electric-vehicle maker, CNBC reported on Tuesday. Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12K of shipped H100 GPUs originally slated for Tesla to X instead, an...
Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave
Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave
Jun 4, 2024
Bitcoin miner Core Scientific's ( CORZ ) shares surged as much as 40% in pre-market trading after cloud computing firm CoreWeave signed a 200 megawatts (MW) artificial intelligence (AI) deal and was also reported to have offered to buy the mining company in an all-cash offer. CoreWeave said to have made the offer on Monday, implying a 55% premium to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved