
Open Your Free Demat Account
Enjoy low brokerage on delivery trades
BAJAJ BROKING
The Union Cabinet approved ₹70,125 crore for Pradhan Mantri Gram Sadak Yojana-IV to connect 25,000 unconnected habitations. The project will construct 62,500 km of roads and bridges over the next four years.
The Union Cabinet has significantly boosted rural road infrastructure with an approval of ₹70,125 crore for the Pradhan Mantri Gram Sadak Yojana-IV (PMGSY-IV). This ambitious project is set to improve road connectivity for 25,000 unconnected habitations across the country, focusing on areas that currently lack all-weather road access.
This new phase of the Pradhan Mantri Gram Sadak Yojana is designed to address the gap in rural road networks, with the government planning to construct 62,500 km of all-weather roads and bridges over the next four years. These roads are intended to connect habitations with a population of over 500 in plain regions and over 250 in northeastern, hill states, union territories, tribal regions, and deserts.
Of the approved ₹70,125 crore outlay, the central government will contribute ₹49,087 crore, while the remaining ₹21,038 crore will come from state governments. This collaborative financial structure highlights the Centre-state partnership in enhancing rural connectivity.
The allocation is scheduled to be disbursed over four fiscal years, from 2024-25 to 2028-29. The Department of Rural Development will be responsible for executing the project, ensuring that the roads are constructed to meet the highest standards of durability and accessibility.
The aim of the PMGSY-IV is not only to improve physical connectivity but also to facilitate socio-economic development in the targeted habitations. By providing better access to markets, schools, healthcare centres, and other essential services, the new roads will help bridge the urban-rural divide, enabling more inclusive growth.
In particular, the new infrastructure is expected to benefit areas that have historically struggled with poor access to essential services. With improved road networks, residents in remote regions will have better opportunities for economic activities, including agriculture and small-scale industries.
The Cabinet’s approval of ₹70,125 crore for rural road development underlines the government's commitment to enhancing infrastructure in remote areas. With the expansion of road networks over the next four years, the Pradhan Mantri Gram Sadak Yojana-IV will play a key role in bridging connectivity gaps and fostering rural development across the country.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading