In a major boost to India’s growing startup ecosystem, the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved the establishment of the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs. 10,000 crore for the purpose of mobilizing venture capital for the startup ecosystem of the country. The Scheme ...

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Export Promotion Mission (EPM) — a flagship initiative announced in the Union Budget 2025–26 to strengthen India’s export competitiveness, particularly for MSMEs, first-time exporters, and labour-intensive sectors. The Mission will provide a comprehensive, flexible, and digitally driven framework for export promotion, with a total outlay of Rs.25,060 ...

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi today approved introduction of Credit Guarantee Scheme for Exporters (CGSE) for providing 100%  credit guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC)  to Member Lending Institutions (MLIs) for extending additional credit facilities upto Rs.20,000 crore to eligible exporters, including MSMEs. The scheme shall be implemented by Department of ...

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved  in today’s meeting to specify/revise the royalty rate of caesium, Graphite, Rubidium and Zirconium as below:  Mineral Royalty Rate Caesium 2% of Average Sale Price (ASP) of Caesium metal chargeable on the Caesium metal contained in the ore produced Graphite (i)           With eighty per cent or more fixed carbon ...

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the continuation of the Biomedical Research Career Programme (BRCP), Phase-III.  This Programme is being implemented in partnership between the Department of Biotechnology (DBT) and the Wellcome Trust (WT), United Kingdom and the SPV, India Alliance for Phase III (2025-26 to 2030-31, with another six years (2031-32 to ...

Recognizing the strategic and economic importance of the maritime sector, the Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved a comprehensive package of Rs.69,725 crore to revitalize India’s shipbuilding and maritime ecosystem. The package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term financing, promote greenfield and brownfield shipyard development, enhance technical capabilities and skilling, ...

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi, has approved Two Railway projects of Ministry of Railways with total estimated cost of Rs.6,798 crore (approx.). Two approved projects are – (a) doubling of Narkatiaganj-Raxaul-Sitamarhi-Darbhanga & Sitamarhi-Muzaffarpur Section covering 256 kms and (b) construction of new line between Errupalem and Namburu via Amaravati covering ...

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of the Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade for Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI – 2024) for a period of 10 years from the date of notification along with 8 years for committed liabilities at a total cost of Rs.10,037 ...

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at ₹ 340/quintal at sugar recovery rate of 10.25%. This is historic price of sugarcane which is about 8% higher than FRP of sugarcane for current season 2023-24. The revised FRP will be applicable ...

The Cabinet Committee on Economic Affairs chaired by the Hon’ble Prime Minister, Shri Narendra Modi has given approval for listing of M/s. Export Credit Guarantee CorporationLtd. (ECGC), an unlisted CPSE through the Initial Public Offer (IPO) on the Stock Exchange under the SEBI’s (Issue of Capital and Disclosure Requirements) Regulations, 2018. ECGC Limited is a wholly-owned CPSE of Government of ...