The Odisha Government has signed an MoU with the Chennai-based National Institute of Ocean Technology (NIOT) for the protection of coastal areas from various natural calamities like floods, cyclones, soil erosion and high tide, etc.
The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".