Cabinet today approved a proposal for raising 17 India Reserve Battalions by Jammu and Kashmir and Left-wing extremism affected states. A decision to this effect was taken during Cabinet meeting in New Delhi. <br/><br/>Sources said these battalions will be raised by recruiting local youths. 75 percent of the cost of raising each of the battalion will be borne by the Centre.<br/><br/>Cabinet also gave its nod to increase the authorised share capital of National Scheduled Caste Finance Development Corporation(NSFDC). Now, its capital will increase from one thousand crore to one thousand two hundred crore rupees. <br/><br/>The decision will enlarge the quantum of funds available for economic activities, better coverage and enhanced outreach to double the Below Poverty Line Scheduled Caste beneficiaries. Enhancement of share capital would also expand its ambit of coverage and increase disbursement of funds to larger sections of the economically deprived scheduled caste population. <br/><br/>The NSFDC provides loans at concessional interest rates for self-employment and economic development activities.<br/><br/>Cabinet has also given its nod for returning of over 478 hectares of land to Madhya Pradesh government. It is valued at approximately 740 crore rupees. The land returned would be utilized by the state government for allotment to the auto and related ancillary industries.

Cabinet today approved a proposal for raising 17 more India reserve battalions by Jammu and Kashmir and Left-wing extremism affected states. A decision to this effect was taken during Cabinet meeting in New Delhi. <br/><br/>Sources said the Cabinet also gave its nod to increase the authorised capital of National Scheduled Caste Finance Development Corporation. Now, its capital will increase from one thousand crore to one thousand two hundred crore rupees.

Cabinet today approved a proposal for raising 17 India reserve battalions by Jammu and Kashmir and Left-wing extremism affected states. A decision to this effect was taken during Cabinet meeting in New Delhi. <br/><br/>Sources said the Cabinet also gave its nod to increase the authorised capital of National Scheduled Caste Finance Development Corporation. Now, its capital will increase from one thousand crore to one thousand two hundred crore rupees.

Cabinet today approved a proposal for raising 17 Indian reserve battalions by Jammu and Kashmir and Left-wing extremism affected states. A decision to this effect was taken during Cabinet meeting in New Delhi. <br/><br/>Sources said the Cabinet also gave its nod to increase the authorised capital of National Scheduled Caste Finance Development Corporation. Now, its capital will increase from one thousand crore to one thousand two hundred crore rupees.