"The funding period (2017-18 to 2019-20) of the scheme is revised to 2018-19 to 2022-23 and the repayment period to be extended up to 2030-31 with spillover to first quarter of the FY 2031-32," said the statement.
The move would benefit 9.5 million milk producers spread over 50,000 villages.
The Union Cabinet
has also decided to constitute 22nd Law Commission
which advises the government on complex legal issues. The term of the previous law panel had ended on August 31 last year.
With the cabinet
approval, the law ministry will now notify the new panel, which will have a term of three years.
"It will also have not more than five part-time members," an official statement said.
The panel will have a full-time chairperson, four full-time members (including a member secretary), and law and legislative secretaries in the law ministry as ex-officio members. Usually, a retired Supreme Court judge or chief justice of a high court heads the Commission.
The Commission was originally constituted in 1955 and is re-constituted every three years. The various law commissions have so far submitted 277 reports.
The 21st Law Commission, under Justice B S Chauhan (retd), had submitted reports and working papers on key issues such as simultaneous polls to the Lok Sabha and state assemblies and a uniform civil code. While this Commission had supported simultaneous polls, it had said time was not ripe for a common code.
Javadekar also announced the approval for setting up of a 12-member empowered "Technology Group" for issuing timely policy advice to the government.
The panel, which will be headed by Principal Scientific Adviser to the government K Vijay Raghvan, will also offer recommendations on latest technologies and products.
"It will look into commercialisation of dual use technologies developed in national
laboratories and government research and development organisations and develop a road map for selected key technologies," an official statement said.