New Delhi
TheCabinet on Friday approved 'Samudra Manthan' – the National Offshore Exploration Scheme, with an outlay of Rs 84,084 crore for implementation up to fiscal 2030–31.
The scheme, under the Ministry of Petroleum and Natural Gas, encompasses a comprehensive set of interventions across the offshore exploration value chain.
Information and Broadcasting Minister Ashwini Vaishnaw briefed the media about the decision taken at the Cabinet meeting.
Samudra Manthan is expected to catalyse reserve accretion of over 600 million metric tonnes of oil equivalent (MMTOE), substantially increase offshore exploration activity, promote higher domestic oil and gas production, and generate large-scale employment, among other objectives. The scheme is also expected to stimulate significant investments across the exploration and production value chain, creating long-term opportunities for industry, innovation and economic growth.
The scheme encompasses a comprehensive set of interventions across the offshore exploration value chain. It provides for large-scale acquisition, processing and interpretation of high-quality seismic data, accelerated deepwater and ultra-deepwater exploratory drilling, scientific drilling in frontier basins, development of common offshore production and evacuation infrastructure, and establishment of an integrated Oil & Gas Manufacturing and Services Zone.
It also includes dedicated provisions for digital programme management, capacity building, technology adoption, stakeholder engagement and international outreach, creating an integrated ecosystem to accelerate offshore exploration and production in the country.
PM-KISAN scheme gets
`
3.15L-cr funding
New Delhi
TheUnion Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme from 2026–27 to 2030–31 with a total outlay of Rs 3.15 lakh crore. The PM-KISAN Scheme provides timely and transparent income support to eligible farmer families through the Direct Benefit Transfer (DBT) system, enabling farmers to increase agricultural investment and strengthen their livelihoods.Under the scheme, eligible landholding farmer families receive financial assistance of Rs 6,000 per year.
Cabinet approves scheme for offshore exploration with outlay of
`
84,084 cr up to FY31
PM-KISAN scheme gets
`
3.15L-cr funding
New Delhi
TheUnion Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme from 2026–27 to 2030–31 with a total outlay of Rs 3.15 lakh crore. The PM-KISAN Scheme provides timely and transparent income support to eligible farmer families through the Direct Benefit Transfer (DBT) system, enabling farmers to increase agricultural investment and strengthen their livelihoods.Under the scheme, eligible landholding farmer families receive financial assistance of Rs 6,000 per year.