Rs 5,500 crore allocation for Rajiv Gandhi Grameen Vidyutikaran Yojana

The Government has approved the continuation of the Rajiv Gandhi Grameen Vidyutikaran Yojana during the Eleventh Plan period with a capital subsidy of Rs. 28,000 crore. An allocation of Rs. 5,500 crore is proposed for the Yojana (including NER) in 2008-09.

An allocation of Rs. 800 crore has been provided for the Accelerated Power Development and Reforms Project. The poor state of transmission and distribution (T&D) so far has been a drag on the sector. Huge investments are required to be made in T&D, but linked to fundamental reforms. Hence, it has been proposed to create a national fund for transmission and distribution reform. The details of the scheme will be worked out and announced very soon.

Source : Press Information Bureau

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