PM Modi tells of cabinet decisions historic These are 5 big decisions

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PM Modi tells of cabinet decisions historic These are 5 big decisions. The Union Cabinet met on Wednesday under the leadership of Prime Minister Narendra Modi. Several important decisions taken at the meeting. PM Modi termed the cabinet decisions as historic. And said that crores of Indians will benefit from the decision.

The meeting took decisions such as reforms in space sector and co-operative bank monitoring. And approval of Kushinagar International Airport. 2 per cent interest subvention on infant loans. Let us know what important decisions the Union Cabinet has taken.

PM Modi tells of cabinet decisions historic These are 5 big decisionsPM Modi tells of cabinet decisions historic These are 5 big decisions

1- Co-operative Bank now under RBI monitoring

Now all cooperative banks in the country (Urban Co-operative Bank or Multi State Co-operative Bank) will come under the supervision of the Reserve Bank. There are currently 1482 Urban Co-operative Banks and 58 Multi State Co-operative Banks in the country. And the government says more than 86 crore depositors will assure after these banks come under RBI supervision. 

2- 2% interest Reduction in Shishu Mudra Loan

The Modi government has given relief to the shishu Mudra loan holders. The 2 per cent interest reduction on this loan approved by the Union Cabinet on Wednesday.

3- Space sector now open to private companies

The Centre’s Narendra Modi government has taken a major decision on the space world and announced the opening up of India’s space sector for students and private companies.

4- Kushinagar International Airport approved

The Union Cabinet has approved the declaration of Kushinagar Airport in Uttar Pradesh as an international airport.

5.Animal Husbandry Infrastructure Development Fund

The Cabinet Committee on Economic Affairs has given its approval for setting up of the Rs 15,000 crore Animal Husbandry Infrastructure Development Fund (AHIDF). The PM said it will boost the income of our hardworking farmers. And also investment and regional infrastructure will get an incentive especially in dairies.