Page 16 - NIS English February 16-28

Budget 2 21
Union

I a t t e

P e a g o

Development

o a Ne I a

In a bid to further boost the
economy, Budget lays down plans for

expanding infrastructure and provide
impetus to public transport along
with highways, railway and metro

fter slowing down during the Corona
period, the economy is on a ‘V’ shape
Arecovery path. To give it a further boost,
the focus is on infrastructure development. New
economic corridors will be created to increase
employment by easing rules for direct investment in
infrastructure. A Development Financial Institution Rural India
(DFI) will be set up for Rs 20,000 Crore. Aim is to
create a lending portfolio of Rs 5 Lakh Crore under `40 T o a C o e Peo e
the proposed DFI in 3 years. To strengthen 86 covered under
One
8,500 KMS OF NEW ROADS IN A YEAR infrastructure % Nat o , O e
Under Rs 5.35 Lakh Crore Bharatmala Pariyojana in villages Rat o Ca
project, the Government will be awarding another
8,500 kms of road by March 2022, and complete
an additional 11,000 kms of National Highway P T a o t
corridors. An additional provision of Rs 1,18,101
Crore has been made for road transport so
far. Rs 34,000 Crore is allocated for Assam for `18 T o a C o e to a g e t
construction of more than 1,300 km of National t a o t
Highways. In Tamil Nadu, 3,500 km of National
Highway works will be undertaken at an investment
of Rs 1.03 Lakh Crore. Construction of 1,100 km of I a Ra a
National Highways in Kerala, including the 600 km
section of Mumbai-Kanyakumari corridor, will be
undertaken at an investment of Rs 65,000 Crore. 100 R 1,10,0 C o e o
FUTURE READY RAILWAYS % Railways of which Rs
Plan is to create a ‘future ready’ Railway system E e t at o 1,07,100 C o e o a ta
expenditure
by 2030. To enable ‘Make in India’, the logistic o a e
202

14 New India Samachar