Union Cabinet approves reforms to boost employment generation

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its approval to the reforms to boost employment generation and exports in the Made-ups Sector.

Several interventions have been approved in a time bound manner within the approved budget of 6 thousand six crore rupees for the apparel package with the objective of creating large scale direct and indirect employment of upto 11 lakh persons over the next three years.

An official release said, the interventions are expected to enhance employment in the textile sector and lead to increase in exports and enhance benefits to the workers in the textile and apparel sector.The Cabinet has also provided its approval for the expansion of the mandate of Delhi Mumbai



Industrial Corridor Project Implementation Trust Fund (DMIC-PITF) and its re-designation as National Industrial Corridor Development and Implementation Trust (NICDIT) for integrated development of Industrial Corridors.

There is an existing approval for expenditure of 18,500 crore rupees, out of which the unspent balance which is yet to be released to DMIC-PITF will be utilised by NICDIT. A further sum of 1584 crore rupees for project development activities of four additional corridors has been provided.

The five Industrial corridors presently cover - Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal, Madhya Pradesh, Rajasthan, Gujarat, Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu.