The Cabinet Committee on Economic Affairs (CCEA) approved a proposal for additional funds under the interest subsidy scheme to the tune of over 2000 crore rupees. This scheme has been extended for the small and medium enterprises until March 2012. It also covers handicrafts, handloom and carpet sector.
Approximately, 1654 crore rupees were released by the Reserve Bank of India as the interest subsidy claims so far. In another decision, the CCEA approved 1645 crore rupees proposal by Japan International Cooperation Agency, assisted Yamuna Action Plan Phase III project at Delhi.
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