Govt to give Rs 1200cr guarantee to Markfed

Govt to give Rs 1200cr guarantee to Markfed

FPJ BureauUpdated: Saturday, June 01, 2019, 02:56 AM IST
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BHOPAL : In the cabinet meeting, it was decided to make arrangements for 6 lakh metric ton DAP, 2 lakh metric ton Complex, 60,000 metric ton Potash and 10 lakh metric ton Urea through Markfed for Kharif crop 2015. For this, the state government would give guarantee of Rs 1200 per year to Markfed for 2015-16 and 2016-17.

The cabinet also gave its approval to Project Udai phase-II. For the project of around Rs 2100 crore, loan of around Rs 1500 crore would be taken from ADB. The government and urban bodies would bear 15 per cent each of the cost. In phase-II of the project, water supply system of 150 small and medium cities would be improved.

The cabinet also decided to change the guidelines regarding hiring of the services of technical experts and coaches for Sports Academies being run under the aegis of Department of Sports and Youth Welfare. The decision of high powered committee in this regard would be followed.

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