Narendra Modi Govt Approved RS 900 Billion for Villages Road Network. He planning to spend $14 billion to provide road connectivity in India’s remote villages by March 2020. according to the Bloomberg report
Already centre government spent 1.4 trillion rupees under the program. The cost will be shared in the ratio of 60:40 by the centre and state governments.
The funds would be spent as part of Pradhan Mantri Gram Sadak Yojana a program for “all-weather” rural roads started by former Prime Minister Atal Bihari Vajpayee in 2000. Started as part of a poverty reduction strategy, it was widely lauded for connecting isolated hamlets and allowing small businesses deliver their procedure faster.
Rural development secretary Amarjeet Sinha wasn’t immediately available for a comment.
The program “is now being implemented as never before” and the pace of construction of roads accelerated to reach 133 km a day in 2016-17, against an average of 73 km in 2011-2014, finance minister Arun Jaitley said in his budget speech in February.
Even though economic growth rebounded after Modi assumed office in 2014, the benefits have not been felt by farmers and jobless youth. Modi’s attempts at changing archaic labour and land laws to make it easy for businesses were labelled pro-wealthy by his critics and his party lost elections in the national capital and Bihar two years ago.