CURRENT AFFAIRS
CURRENT AFFAIRS
Description
The Union Government has recently introduced the 'Jalvahak' scheme to encourage cargo transportation via inland waterways. Here's an overview of the scheme:
About Jalvahak Scheme
The Jalvahak scheme aims to tap into the untapped potential of inland waterways, reducing logistics expenses while easing the congestion on road and rail networks.
Key Features
Incentives for Cargo Owners - The scheme offers up to a 35% reimbursement on operational costs for cargo owners transporting goods over 300 km via waterways.
Duration - The scheme will be effective for a three-year period.
Supply Chain Optimization - It is designed to help major shipping companies, freight forwarders, and trade organizations streamline their supply chains.
Promotion of Sustainable Transport - This initiative seeks to enhance cost-effective and eco-friendly transport across National Waterways 1 (Ganga), 2 (Brahmaputra), and 16 (Barak River).
Long-Haul Cargo - The scheme supports long-haul cargo transport, ensuring consistent delivery through scheduled freight services.
Scheduled Services - A fixed schedule for cargo vessels will operate from Haldia, serving National Waterways 1 and 2. Vessels will run between Kolkata, Patna, Varanasi, and Guwahati, connecting important trade hubs along the Indo-Bangladesh Protocol Route.
Implementation
The Jalvahak scheme is jointly implemented by the Inland Waterways Authority of India (IWAI) and Inland & Coastal Shipping Ltd (ICSL).
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