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of <h1>Odisha Seeks Rs 12.56 Lakh Crore from 16th Finance Commission; Approves Incentives for Semiconductor Plant, Village Development.</h1> The Odisha government plans to request Rs 12.56 lakh crore from the 16th Finance Commission for 2026-2031. The cabinet approved several proposals, including a 50% incentive for RIR Power Electronics Limited to establish a semiconductor facility in Bhubaneswar, projected to create 750 jobs. Additionally, model schools will be established in all gram panchayats with a Rs 11,939.41 crore investment. The 'Financial Assistance to Cold Storages' scheme aims to enhance cold storage infrastructure, while the 'Bikashita Gaon, Bikashita Odisha' scheme will improve village infrastructure with a Rs 5,000 crore budget over five years.
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