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PM Modi's Cabinet Approves Key Schemes on Oct 24, 2024.

National | Dated: 03 Nov 2024

The Union Cabinet chaired by Prime Minister (PM) Narendra Modi approved various schemes and projects on October 24, 2024. The approvals are as follows:

🎯 Key Highlights:

  • - Establishment of ₹1,000 crore Venture Capital Fund for the Space Sector under the aegis of IN-SPACE.
  • - Two Railway projects worth ₹6,798 crore to be completed in 5 years.
  • - New Amaravati Railway line connectivity with an expenditure of ₹2,245 crore.

💡 Other Important Facts:

  • (i) A 3.2-km-long railway bridge will be constructed on the Krishna River to develop the railway line.
  • (ii) It will offer direct connectivity with Hyderabad, Chennai, Kolkata, and Nagpur, while also connecting Nagpur to Delhi and Hyderabad to Mumbai.
  • (iii) The new rail line project, Errupalem-Amaravati-Namburu, will pass through NTR Vijayawada and Guntur districts in Andhra Pradesh and Khammam district in Telangana, serving as a parallel route to the existing Howrah-Chennai line.

📚 Test Your Knowledge:

Who chaired the Union Cabinet meeting on October 24, 2024, that approved various schemes and projects?

Correct Answer: Narendra Modi

🚀 Quick Recap: