Budget 2024: Govt to connect 25,000 more villages in phase 4 of rural roads scheme
Live MintNew Delhi: Finance minister Nirmala Sitharaman said in her budget speech on Tuesday that the government would look to improve all-weather connectivity to 25,000 rural habitations by launching phase 4 of the Pradhan Mantri Grameen Sadak Yojana, which aims to link India’s hinterland with major economic centres. The government is expected to expand the definition of “rural habitations” in phase 4 of the project to include even smaller settlements. Budget 2024: Changes in new tax regime explained here No change from interim budget Kushal Kumar Singh, partner at Deloitte India said, “Acknowledging the economic multiplier impact of infrastructure development, the government has proposed to continue focussing on capital investment in the sector. While the committed capex is the same as in the interim budget, many new initiatives such as the focus on water treatment, sewage treatment and solid waste management projects in 100 cities, development of additional industrial parks, and expanding PMGSY to another 25,000 habitations could be game-changers in the medium to long term.” PMGSY is now in its 24th year of operation.