Cabinet Approves 'Samudra Manthan' Offshore Exploration Scheme with Rs. 84,084 Crore Outlay

The Union Cabinet recently gave its nod to the 'Samudra Manthan' scheme, officially known as the National Offshore Exploration Scheme. This approval marks a strategic step towards bolstering India's capabilities in exploring its extensive offshore regions.

The ambitious scheme comes with an approved outlay of Rs. 84,084 crore. This substantial investment is earmarked for various activities under the National Offshore Exploration Scheme, focusing on the systematic exploration and mapping of India's vast marine territories for potential resources.

Exam Insights & GK Analysis: The 'Samudra Manthan' scheme is crucial for competitive exams under Current Affairs and Indian Economy sections. Candidates should note the scheme's name, its purpose (National Offshore Exploration Scheme), and the approved financial outlay. It reflects the government's focus on blue economy initiatives and resource security. Related topics often include the Ministry of Earth Sciences, the Geological Survey of India, and India's Exclusive Economic Zone (EEZ).