CCS approves procurement of 15 light combat helicopters for IAF

The Cabinet Committee on Security, CCS has approved procurement of 15 Light Combat Helicopter Limited Series Production at the cost of three thousand Rs 887 crore. Defence Ministry said, Light Combat Helicopter Limited Series Production is an indigenously designed, developed and manufactured state of the art modern combat helicopter. This helicopter is equipped with requisite agility, maneuverability, extended range, high altitude performance and round-the-clock, all-weather combat capability to perform roles of Combat Search and Rescue, Destruction of Enemy Air Defence and Counter-Insurgency operations.  This will also support to ground forces and will be a potent platform to meet the operational requirements of Indian Air Force and Indian Army. Under the Atmanirbhar Bharat Abhiyaan, India is continuously growing in its capability to indigenously design, develop and manufacture advanced cutting edge technologies and systems in the Defence Sector.

The Union Cabinet on Wednesday also approved 808 million dollars or over Six thousand 62 crore rupees, World Bank assisted programme on Raising and Accelerating MSME Performance RAMP. It is a new scheme and will commence in Financial Year 2022-23. Around 500 million dollars will be a loan from the World Bank and the remaining 308 million dollars would be funded by the Government of India. RAMP is a World Bank assisted Central Sector Scheme, supporting various COVID Resilience and Recovery Interventions of the Ministry of Micro, Small and Medium Enterprises. The programme aims at improving access to market and credit, strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships, addressing issues of delayed payments and greening of MSMEs. The RAMP program will also seek to scale up implementation capacity and MSME coverage in  States. The Cabinet Committee on Economic Affairs CCEA today approved the time extension three years to identified 10 Provisional Mega certified projects for furnishing the final Mega Certificates to the Tax authorities.