The State Cabinet here on Tuesday accorded administrative approval to 23 new group water supply schemes and one revised group water supply scheme proposed by Madhya Pradesh Jal Nigam Limited for implementation of Jal Jeevan Mission. The total cost of the above 23 new schemes is Rs. 17 thousand 971 crore 95 lakh.
To make Mukhya Mantri Udyam Kranti Yojana more effective and comprehensive, the Cabinet decided to reduce the minimum project limit from one lakh to 50 thousand rupees. Under the scheme, now interest subsidy will be paid to the beneficiary on quarterly basis instead of annual. Projects will be accepted in the scheme even if the manufacturing unit is more than Rs 50 lakh or the service / retail business unit is more than Rs 25 lakh, in which in the event of approval of the case by the bank, the benefit of 3 percent interest subsidy received by the beneficiary on a maximum of 50 lakhs or 25 lakhs of loan amount and reimbursement of loan guarantee fee should also be done on pro-rata basis. The entire loan given by the bank should be collateral free.