financetom
Economy
financetom
/
Economy
/
Union Budget 2019: Gas connection, electricity to 1.95 crore rural homes by 2022, says FM Sitharaman
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Union Budget 2019: Gas connection, electricity to 1.95 crore rural homes by 2022, says FM Sitharaman
Jul 5, 2019 5:18 AM

Finance Minister Nirmala Sitharaman’s maiden budget speech put “Antodaya” at the core of every step that the BJP-led government at the centre is taking.

Share Market Live

NSE

Gas connection and electricity for all 1.95 crore rural homes by 2022 were two of her biggest announcements.

With Gaon, Gareeb, Kisan in focus, FM put Ujjwala Yojana as one policy that changed lives in rural India for good. She announced that by 2022 every single rural family, except those who are unwilling to take connection, will have electricity and clean cooking facility. She, in fact, repeated her reference to the point that this will be ‘except those who are unwilling,’ putting the opposition led states at the receiving end.

The Economic Survey 2018-19 released on Thursday highlighted that Pradhan Mantri Ujjwala Yojana has provided access to around 7 crore households under the scheme.

FM also announced a push to the rural housing sector. Sitharam proposed that Pradhan Mantri Awaas Yojna Phase 2 will have 1.95 crore houses provided to the eligible beneficiaries. These houses will be provided with toilet, electricity and gas connection. She also highlighted that the DBT platform and technology initiatives have reduced the average number of days taken to complete construction of houses under PMAY to 114 days from 314 days in 2015-16.

Under PMAY (Urban), over 81 lakh houses with an investment of about Rs 4.83 lakh crore had been sanctioned. Of these, construction has started in about 47 lakh houses. Over 26 lakh houses had been completed of which 24 lakh had been delivered to beneficiaries.

1.54 crore houses were completed under Pradhan Mantri Awas Yojana (PMAY) last year. According to the Economic Survey, PMAY exceeded its target of 1 crore pucca houses with basic amenities by 50 percent as of March 31, 2019.

To connect rural India to its markets, FM also announced upgradation of 1.25 lakh kilometres of roads in phase 3 of PM Gram Sadak Yojna. This will be done with an estimated budget expenditure of Rs 80,250 crore.

For our exclusive coverage and all budget-related stories, click here

First Published:Jul 5, 2019 2:18 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
In fight to curb climate change, a grim report shows world is struggling to get on track
In fight to curb climate change, a grim report shows world is struggling to get on track
Nov 14, 2023
The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.
Copyright 2023-2026 - www.financetom.com All Rights Reserved