Key Cabinet Decisions
Major Welfare and Startup Schemes Approved by Prime Minister: The Prime Minister of India approved several major welfare and economic initiatives on 14 February 2026 aimed at supporting women, youth, startups, and vulnerable citizens. These schemes focus on improving healthcare access, strengthening rural livelihoods, and boosting innovation-led economic growth.
The decisions reflect the government’s commitment to achieving inclusive development, reducing poverty, and enhancing India’s position as a global startup hub. These initiatives align with national goals such as Atmanirbhar Bharat and sustainable economic growth.
Static GK fact: The Union Cabinet is the highest decision-making body of the executive branch of India and is chaired by the Prime Minister.
PM RAHAT Scheme for Road Accident Victims
The government launched the PM RAHAT (Road Accident Holistic Action for Treatment) Scheme to reduce fatalities caused by delayed medical treatment. Under this scheme, accident victims will receive cashless treatment up to ₹1.5 lakh, ensuring immediate and life-saving medical care.
India records one of the highest numbers of road accident deaths globally, making emergency treatment access critical. This scheme strengthens India’s emergency healthcare infrastructure and reduces financial burden on victims’ families.
Static GK Tip: India’s road safety is governed under the Motor Vehicles Act, 1988, which regulates traffic laws and accident compensation.
Expansion of Lakhpati Didi Initiative
The government revised the target of the Lakhpati Didi Initiative, increasing it from 3 crore to 6 crore women beneficiaries by March 2029. The earlier target was achieved ahead of schedule, showing the program’s success in improving rural incomes.
Launched in 2023 under the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM), the initiative helps Self-Help Group (SHG) women earn at least ₹1 lakh annual household income. It supports activities such as livestock farming, micro-enterprises, and skill development.
This initiative promotes financial independence, poverty reduction, and women empowerment in rural India.
Static GK fact: DAY-NRLM is implemented by the Ministry of Rural Development, which focuses on poverty alleviation in rural areas.
Startup India Fund of Funds 2.0 Boosts Innovation
The government approved the Startup India Fund of Funds Scheme 2.0 (FFS 2.0) with a total corpus of ₹10,000 crore. This fund focuses on supporting manufacturing and high-technology startups, which require long-term investment.
The scheme operates under the Department for Promotion of Industry and Internal Trade (DPIIT) and is managed by the Small Industries Development Bank of India (SIDBI). Instead of investing directly, it supports SEBI-registered Alternative Investment Funds (AIFs), which then invest in startups.
This indirect investment model strengthens India’s startup ecosystem by increasing access to domestic risk capital and encouraging innovation.
Static GK fact: SIDBI was established in 1990 to promote and finance small-scale industries in India.
Impact on Inclusive and Economic Growth
These schemes collectively enhance healthcare access, rural income generation, and entrepreneurship development. The PM RAHAT Scheme improves emergency healthcare, the Lakhpati Didi Initiative empowers rural women, and the Fund of Funds 2.0 strengthens India’s startup ecosystem.
These initiatives contribute to India’s long-term goals of poverty reduction, employment generation, and economic modernization, ensuring balanced and inclusive national development.
Static Usthadian Current Affairs Table
Major Welfare and Startup Schemes Approved by Prime Minister:
| Topic | Detail |
| PM RAHAT Scheme | Provides cashless treatment up to ₹1.5 lakh for accident victims |
| Launch Date | Approved on 14 February 2026 |
| Lakhpati Didi Initiative Target | Increased to 6 crore women by March 2029 |
| Launch Year of Lakhpati Didi | 2023 |
| Definition of Lakhpati Didi | SHG woman earning ₹1 lakh annual household income |
| Implementing Ministry | Ministry of Rural Development |
| Startup India Fund of Funds 2.0 Corpus | ₹10,000 crore |
| Managing Institution | Small Industries Development Bank of India |
| Governing Department | Department for Promotion of Industry and Internal Trade |
| Key Objective | Promote healthcare access, women empowerment, and startup growth |





