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 >
Italian fintech Objectway seeks new investor, sources say
Italian fintech Objectway seeks new investor, sources say
Sep 1, 2024
LONDON, Aug 30 (Reuters) - Italy's Objectway, a software provider serving wealth managers, private banks and life insurers, is looking to bring in a new investor and has hired investment bank Houlihan Lokey ( HLI ) to lead the search, two people close to the matter said. With earnings before interest, tax, depreciation and amortisation of around 30 million euros...
Trillion-dollar companies: 7 most valuable mega-cap stocks
Trillion-dollar companies: 7 most valuable mega-cap stocks
Sep 1, 2024
The most valuable companies in the world have grown to impressive heights in recent years, with seven publicly traded companies reaching market capitalizations of $1 trillion or more. All but one of the companies come from the tech sector, with many offering products and services that consumers use every day. Several of them also made it onto Bankrate's list of...
Telegram Derives 40% Of Its Revenue From Crypto-Related Operations
Telegram Derives 40% Of Its Revenue From Crypto-Related Operations
Sep 1, 2024
Telegram, the company co-founded by Pavel Durov, the Russian-born billionaire who has been indicted in France for allegedly failing to control criminal content on his platform, derives a significant share of its revenue from crypto-related operations. What Happened: Telegram’s 2023 financials reveal that a significant portion of its revenue comes from crypto transactions. The company, incorporated in the British Virgin...
US trade chief Tai lauds Canada's steep new tariffs on Chinese EV, metals
US trade chief Tai lauds Canada's steep new tariffs on Chinese EV, metals
Sep 1, 2024
WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai on Thursday gave a strong endorsement to Canada's decision to impose a 100% tariff on Chinese-made electric vehicles and 25% on Chinese steel and aluminum as she finalizes U.S. duties planned at similar rates. In a statement issued by her office, Tai applauded Canada's decision to take strong action against China's state-directed,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved