The cabinet gave its post facto approval for introduction of Varishtha Pension Bima Yojana 2017.The Scheme will be implemented through Life Insurance Corporation of India(LIC) during the current financial year to provide social security to persons aged 60 years and above against all future fall in their interest income due to uncertain market conditions
2.The cabinet has also given its post facto approval for an interest waiver for the two months of November and December 2016 for farmers accessing short term crop loans from cooperative banks.It also approved an interest subventions to NABARD on the additional refinance by NABARD to cooperative banks.
