Cabinet Approves Small Hydro Power Development Scheme
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a new Small Hydro Power (SHP) Development Scheme with a budget of Rs. 2584.60 crore. The initiative aims to support small hydro projects, especially in hilly and North Eastern states, providing substantial financial assistance and generating employment. This scheme aligns with the Atmanirbhar Bharat mission, focusing on indigenous plant and machinery, while also boosting socio-economic growth in remote areas.
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