STATE TIMES NEWS
New Delhi: The Cabinet Committee on Economic Affairs has approved six projects of the railway ministry with an estimated cost of around Rs 12,343 crore, the government said in a statement on Thursday.
The projects approved by the committee, which is chaired by Prime Minister Narendra Modi, will be funded by the central government.
“Thanks to Prime Minister Narendra Modi for approving six multi tracking projects in Rajasthan, Assam, Telangana, Gujarat, Andhra Pradesh and Nagaland worth Rs 12,343 crore,” Railway Minister Ashwini Vaishnaw posted on X.
Cabinet decision on railways will boost infra, reduce congestion: Modi
New Delhi: Prime Minister Narendra Modi on Thursday lauded a host of decisions taken by the Union Cabinet and said the approval of railway projects will boost infrastructure and reduce congestion on busy routes and improve commerce as well as connectivity.
The Cabinet chaired by Modi approved six projects of the Ministry of Railways with an estimated cost of nearly Rs 12,343 crore with 100 per cent funding from the central government.
The Cabinet’s extension of the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) will ensure improved credit access for those in the fisheries sector and boost the creation of related infrastructure, the prime minister said in a post on X. The Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana, which has been approved by the Cabinet will boost the fisheries sector, especially MSMEs associated with the sector, he added.
The government had earlier announced a Rs 6,000-crore scheme in order to formalise the unorganised fisheries sector, facilitate institutional finance to micro and small enterprises (MSMEs) and promote aquaculture insurance.
It also decided to extend the FIDF for another three years up to 2025-26 within the already approved fund of Rs 7,522.48 crore and budgetary support of Rs 939.48 crore.
The multi tracking project proposals will ease operations and reduce congestion, providing the much required infrastructural development on the busiest sections across the Indian Railways, the statement said.
“The projects are in line with Prime Minister Narendra Modi’s vision of a ‘new India’ which will make people of the region ‘atmanirbhar (self-reliant)’ by way of comprehensive development in the area which will enhance their employment/self-employment opportunities,” it added.
According to the government, the six projects, which cover 18 districts in the six states, will increase the existing network of the Indian Railways by 1,020 km and will provide about three crore man-days of employment to the people of the states
The railway sections are Ajmer-Chanderiya and Jaipur-Sawai Madhopur in Rajasthan; Luni-Samdari-Bhildi in Gujarat and Rajasthan; Agthori-Kamakhya with new rail-cum-road bridge in Assam; Lumding-Furkating in Assam and Nagaland; and Motumari-Vishnupuram and Rail-Over-Rail at Motumari in Telangana and Andhra Pradesh.
“The projects are the result of the PM Gati Shakti National Master Plan for multi-model connectivity which has been possible through integrated planning and will provide seamless connectivity for movement of people, goods and services,” the statement added.
