Page 19 - Policy Economic Report_Feb'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Building Rural Prosperity and Resilience: A comprehensive multi-sectoral programme to be
launched in partnership with states to address under-employment in agriculture through skilling,
investment, technology, and invigorating the rural economy.
Aatmanirbharta in Pulses: Government to launch a 6-year “Mission for Aatmanirbharta in Pulses”
with focus on Tur, Urad and Masoor.
National Mission on High Yielding Seeds: A National Mission on High Yielding Seeds to be
launched aiming at strengthening the research ecosystem, targeted development, and
propagation of seeds with high yield, and commercial availability of more than 100 seed varieties.
Mission for Cotton Productivity: A 5-year mission announced to facilitate significant
improvements in productivity and sustainability of cotton farming, and promote extra-long staple
cotton varieties.
Enhanced Credit through KCC: The loan limit under the Modified Interest Subvention Scheme to
be enhanced from ? 3 lakh to ? 5 lakh for loans taken through the KCC.
Urea Plant in Assam: A plant with annual capacity of 12.7 lakh metric tons to be set up at Namrup,
Assam.
Fisheries: Government to bring a framework for sustainable harnessing of fisheries from Indian
Exclusive Economic Zone and High Seas, with a special focus on the Andaman & Nicobar and
Lakshadweep Islands.

4. Manufacturing and Industry:

MSME support: The investment and turnover limits for classification of all MSMEs to be enhanced
to 2.5 and 2 times respectively.
National Manufacturing Mission: Covering small, medium, and large industries to further the
"Make in India" initiative.
Credit Cards for Micro Enterprises: Customized Credit Cards with ? 5 lakh limit for micro
enterprises registered on Udyam portal, 10 lakh cards to be issued in the first year.
Fund of Funds for Startups: A new Fund of Funds, with expanded scope and a fresh contribution
of ? 10,000 crore to be set up.
Scheme for First-time Entrepreneurs: A new scheme for 5 lakh women, Scheduled Castes and
Scheduled Tribes first-time entrepreneurs to provide term-loans upto ? 2 crore in the next 5 years
announced.
Focus Product Scheme for Footwear & Leather Sectors: To enhance the productivity, quality and
competitiveness of India’s footwear and leather sector, a focus product scheme announced to
facilitate employment for 22 lakh persons, generate turnover of ? 4 lakh crore and exports of over
? 1.1 lakh crore.
Measures for the Toy Sector: A scheme to create high-quality, unique, innovative, and
sustainable toys, making India a global hub for toys announced.
Support for Food Processing: A National Institute of Food Technology, Entrepreneurship and
Management to be set up in Bihar.

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