MP Cabinet allocates Rs 16,424 cr for electricity tariff subsidy in FY22-23
POWER & RENEWABLE ENERGY

MP Cabinet allocates Rs 16,424 cr for electricity tariff subsidy in FY22-23

The state cabinet has decided to allocate Rs 16,424 crore in electricity price subsidies to the agriculture sector for the fiscal year (FY) 2022-23.

It is in addition to the Rs 5,584 crore subsidy sanctioned for domestic users under the Griha Jyoti Yojana plan. The state government will pay the subsidies to the electricity distribution corporations.

Narottam Mishra, Home Minister, told the media that the total subsidy on power rate would be more than Rs 22800 crore. Farmers will receive a Rs 16,424 crore subsidy, while domestic consumers will continue to receive a Rs 5,584 crore subsidy.

For meterless agricultural connections up to 10 horsepower, farmers would be charged a fixed cost of Rs 750 per horsepower each year.

The cabinet also approved a proposal for three new state awards: the Madhya Pradesh Gaurav Samman (for citizens and institutions who go above and beyond), the Chief Minister's Excellence Award (for outstanding performance in government schemes), and the Chief Minister's Excellence Award (for outstanding performance in government schemes) (for innovation).

These prizes will be presented every year on November 1st, Madhya Pradesh's Foundation Day. The Gaurav Samman award will come with an honorarium of Rs 5 lakh. Only Madhya Pradesh people with a domicile would be allowed to apply.

The council of ministers approved a new structure construction in the department of public health and family welfare, with four cadres based on the work of presently sanctioned jobs. Medical, specialist, public health management, and hospital management are the new cadres.

The government also awarded administrative sanctions for the Rs 1208.89 crore Rampura Manasa Micro Lift Irrigation Project. This project has a total irrigation potential of 65,400 hectares distributed over 215 communities for the Rabi season in Manasa tehsil in Neemuch.

Another decision made by the cabinet was to continue with the Pradhan Mantri Fasal Bima Yojana, which provides financial support to farmers in the event of crop loss or damage, allocating Rs 17,072 crore for this purpose. The scheme's primary goal is to give financial support to farmers who have suffered crop loss or damage as a result of unforeseeable natural disasters.

Image Source

Also read: Indore Smart City develops nine She-Kunjs on PPP model

The state cabinet has decided to allocate Rs 16,424 crore in electricity price subsidies to the agriculture sector for the fiscal year (FY) 2022-23. It is in addition to the Rs 5,584 crore subsidy sanctioned for domestic users under the Griha Jyoti Yojana plan. The state government will pay the subsidies to the electricity distribution corporations. Narottam Mishra, Home Minister, told the media that the total subsidy on power rate would be more than Rs 22800 crore. Farmers will receive a Rs 16,424 crore subsidy, while domestic consumers will continue to receive a Rs 5,584 crore subsidy. For meterless agricultural connections up to 10 horsepower, farmers would be charged a fixed cost of Rs 750 per horsepower each year. The cabinet also approved a proposal for three new state awards: the Madhya Pradesh Gaurav Samman (for citizens and institutions who go above and beyond), the Chief Minister's Excellence Award (for outstanding performance in government schemes), and the Chief Minister's Excellence Award (for outstanding performance in government schemes) (for innovation). These prizes will be presented every year on November 1st, Madhya Pradesh's Foundation Day. The Gaurav Samman award will come with an honorarium of Rs 5 lakh. Only Madhya Pradesh people with a domicile would be allowed to apply. The council of ministers approved a new structure construction in the department of public health and family welfare, with four cadres based on the work of presently sanctioned jobs. Medical, specialist, public health management, and hospital management are the new cadres. The government also awarded administrative sanctions for the Rs 1208.89 crore Rampura Manasa Micro Lift Irrigation Project. This project has a total irrigation potential of 65,400 hectares distributed over 215 communities for the Rabi season in Manasa tehsil in Neemuch. Another decision made by the cabinet was to continue with the Pradhan Mantri Fasal Bima Yojana, which provides financial support to farmers in the event of crop loss or damage, allocating Rs 17,072 crore for this purpose. The scheme's primary goal is to give financial support to farmers who have suffered crop loss or damage as a result of unforeseeable natural disasters. Image Source Also read: Indore Smart City develops nine She-Kunjs on PPP model

Next Story
Infrastructure Urban

BorgWarner extends transfer case business with North American OEM

BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is furthering its business with a major North American OEM by securing extensions on two transfer case contracts for upcoming vehicle launches with new platform requirements. BorgWarner will supply two types of transfer cases, including its active Electro-Mechanical On-Demand 2-Speed (EMOD) and a part-time Electric Shift-on-the-Fly 2-Speed (ESOF) transfer case. Two of the OEM’s combustion and hybrid passenger truck platforms will be equipped with the EMOD and ESOF, while an additional passenger t..

Next Story
Infrastructure Transport

CII partners with Hunch Mobility for Urban Air Mobility Expo 2025

The Confederation of Indian Industry (CII) has announced its partnership with Hunch Mobility to host the upcoming Urban Air Mobility Expo 2025. This significant event aims to showcase advancements in urban air mobility, a rapidly evolving sector that promises to revolutionize urban transportation. Scheduled for 2025, the expo will serve as a platform for industry leaders, innovators, and policymakers to converge and discuss the future of air transport within urban environments. Key topics will include technological innovations, regulatory frameworks, and infrastructure development necessary f..

Next Story
Infrastructure Urban

HCL Tech opens first delivery centre in Kochi

HCL Technologies has officially inaugurated its first delivery centre in Kochi, marking a significant expansion in its operational footprint in India. This new facility aims to enhance the company’s capabilities in delivering a wide range of technology services to its clients. The Kochi delivery centre will focus on various areas, including software development, IT services, and digital solutions, contributing to HCL's commitment to driving innovation and improving service delivery. With this initiative, HCL Tech aims to tap into the region's growing pool of skilled talent, particularly in ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000