Which scheme was launched by the Union Government in December 2024 to incentivize cargo movement via inland waterways?
Show answer & explanation
Correct answer: B
Explanation
Waterways -
- In December 2024, the Government of India launched the 'Walways' scheme, the primary objective of which is to promote the movement of cargo through the country's inland waterways and reduce logistics costs.
Key features of the Waterways scheme:
- Cargo incentives: This scheme provides financial incentives to shipping companies and traders for choosing waterways over road or rail.
- Cost reduction: Water transport is believed to be significantly cheaper and more environmentally friendly than road transport.
- Infrastructure development: Under this, the construction of new terminals and multi-modal hubs on rivers is being accelerated.
- Vision 2047: This scheme is part of the government's 'Maritime India Vision 2047,' which aims to strengthen India's blue economy.