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government scheme
Commodities Cabinet Approves Rs 3,030 Crore BHAVYA Rasayan Scheme for Three Chemical Parks
The Union cabinet approved the BHAVYA Rasayan scheme with a total outlay of Rs 3,030 crore to set up three dedicated chemical parks across India. The scheme, announced in the Union Budget 2026-27, will provide grants of up to Rs 1,000 crore per park, with state governments contributing at least Rs 500 crore each. The parks aim to boost domestic manufacturing, exports, and employment while promoting environmentally sustainable industrial development.
Commodities Cabinet Approves ₹3,030 Crore BHAVYA-Rasayan Scheme for Three Chemical Parks in India
The Indian Cabinet, chaired by Prime Minister Narendra Modi, has approved the BHAVYA-Rasayan Scheme with an outlay of ₹3,030 crore to establish three dedicated chemical parks. The scheme aims to promote the chemical industry along value chains, efficient resource utilisation, and lower logistics costs, with grants of up to ₹1,000 crore per park subject to state contributions.
Finance India Proposes Universal Provident Fund for Gig Workers and Self-Employed
The Employees' Provident Fund Organisation (EPFO) is working on a universal provident fund scheme for unorganised sector workers, gig workers, and the self-employed. The scheme would allow flexible contributions, tax benefits similar to EPFO, and a systematic withdrawal plan. If implemented, it could be one of the most significant expansions of India's social security framework.
Finance NHA de-empanels 2,003 hospitals, suspends 839 in AB PM-JAY fraud crackdown during 2025-26
The National Health Authority de-empanelled 2,003 hospitals and suspended 839 during 2025-26 as part of a fraud crackdown under the Ayushman Bharat PM-JAY scheme, according to its Annual Report. The National Anti-Fraud Unit imposed penalties worth ₹114.06 crore and safeguarded ₹678.47 crore by identifying suspected fraudulent claims.
Manufacturing Over 2 Lakh Micro Food Processing Firms Get ₹20,300 Crore Investment Under PMFME Scheme
Food Processing Industries Minister Chirag Paswan announced that over 2 lakh micro enterprises have received credit-linked subsidy under the PMFME scheme since 2020, with a combined investment of ₹20,300 crore and nearly 11 lakh jobs created. The scheme, extended till September 2026, is being considered for a 2.0 version to attract more investments.
Commodities India Opens Bids for ₹37,500 Crore Coal Gasification Scheme to Boost Energy Security
The Indian government has invited proposals for setting up coal and lignite gasification projects under a ₹37,500 crore incentive scheme launched in May 2026. The scheme aims to produce syngas and downstream products like SNG, urea, and methanol, reducing import dependence and utilizing domestic coal. Key dates include a September 7 application deadline and a November 4 Letter of Award issuance.
Commodities Indian Government Plans Rs 5,000 Crore Scheme to Help Steel Industry Adopt Green Technologies
The Indian government is planning a Rs 5,000 crore scheme to support the steel industry's adoption of green technologies, according to a report by Business-Today (via Times of India). No further details have been provided.
Business India Notifies Employees' Provident Funds Scheme 2026: Key Changes in Contributions, Withdrawals, and Compliance
The Ministry of Labour and Employment has notified the Employees' Provident Funds Scheme, 2026, replacing the 1952 framework. The revised scheme introduces simplified partial withdrawals, mandatory Aadhaar/PAN details, and enhanced compliance requirements while retaining the 12% contribution rate for employers and employees.
Trade India to Include Jewellers in Revamped Gold Monetisation Scheme to Curb Imports
The Indian government is evaluating a proposal to include jewellers in a revamped Gold Monetisation Scheme (GMS) to unlock nearly 30,000 tonnes of idle household gold. The move, supported by meetings with the RBI and industry, aims to cut dependence on imported gold—imports in May 2026 stood at $12 billion. The revised scheme is expected in August 2026.
Business PM Modi to Launch Modified UDAN Scheme with ₹28,840 Crore Boost for Regional Air Connectivity
Prime Minister Narendra Modi will on Saturday launch a modified UDAN scheme with a ₹28,840 crore allocation over ten years, aiming to develop 100 airstrips into airports, build 200 helipads, and provide viability gap funding of over ₹10,000 crore for airlines. The scheme also includes procurement of indigenous aircraft. Separately, Modi will inaugurate a new ₹480 crore terminal at Jodhpur Airport.
Commodities India Cuts Broken Rice Share in PDS Under New Rice Milling Transformation Scheme
The Cabinet Committee on Economic Affairs approved the Rice Milling Transformation scheme, cutting broken rice content in PDS rice to 10% (raw) and 5% (parboiled). The move aims to evacuate record-high foodgrain stocks and save storage space. Phase I allocates 50 lakh tonnes of rice across states.
Logistics Delhi-NCR Truck Replacement Scheme to Cut Pollution
The Indian government has approved a Rs 5,041 crore scheme to replace old trucks and buses in Delhi-NCR with cleaner vehicles. This initiative aims to reduce pollution by incentivizing the adoption of BS-VI and electric vehicles.
Business Maharashtra's Rs 2 Lakh Farm Loan Waiver: Impact on Agriculture
Maharashtra's cabinet has approved a Rs 2 lakh farm loan waiver scheme, benefiting 56 lakh farmers. This move aims to alleviate financial stress in the agricultural sector and incentivize timely loan repayments.