Union Cabinet approves ₹84,084 crore 'Samudra Manthan' offshore exploration scheme
The Union Cabinet approved 'Samudra Manthan', an offshore hydrocarbon exploration scheme, with a total outlay of ₹84,084 crore. Of this, ₹43,200 crore is earmarked for drilling 60 deepwater exploration wells. The initiative targets India's offshore energy resources to boost domestic oil and gas exploration and reduce import dependence, marking a large government push into deepwater prospecting.
Nabka Insight
A newly named, Cabinet-cleared energy scheme with a specific outlay is high-probability recall for prelims.
Powered by AIKey facts
- Total outlay: ₹84,084 crore, approved by the Union Cabinet.
- ₹43,200 crore earmarked for drilling 60 deepwater exploration wells.
- Scheme name: 'Samudra Manthan' (offshore exploration).
Relevant forBanking · Railways · SSC · State PSC · UPSC