India Extends Rural Road Scheme; Rs 83,977 Crore Boost
Key Highlights
India extends the Pradhan Mantri Gram Sadak Yojana-III to 2028/29 with an Rs 83,977 crore outlay. Aims to boost the rural economy through improved road connectivity.
The Union Cabinet has extended the deadline for the Pradhan Mantri Gram Sadak Yojana-III (PMGSY-III) to March 2028 for plain areas and March 2029 for mountainous regions. This extension is accompanied by a revised financial outlay of Rs 83,977 crore.
The PMGSY-III aims to stimulate the rural economy through enhanced market access and reduced transportation expenses. By improving road infrastructure in rural areas, the scheme intends to facilitate the movement of goods and services, thereby supporting local businesses and agricultural activities.
The extended timeline allows for the completion of ongoing projects and the initiation of new ones, ensuring comprehensive connectivity across diverse terrains. The increased financial commitment underscores the government’s focus on rural development and infrastructure enhancement.