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What has happened?
The Union Cabinet on Wednesday approved the extension of the National Bamboo Mission (NBM) till 2019-20 at an expenditure of ₹1,290 crore
Purpose
The Mission will ensure holistic development of the bamboo sector by addressing complete value chain and establishing effective linkage of producers [farmers] with industry
CCEA set up
The CCEA [the Cabinet Committee on Economic Affairs] has also approved the setting up of an executive committee for the formulation of guidelines of the NBM and to make the changes therein, including cost norms for various interventions from time-to-time as per the needs and specific recommendations of States, with the approval of the Union Minister for Agriculture & Farmers Welfare.”
Budget
Of the total cost of ₹1,290 crore, the Centre’s share would be ₹950 crore.
