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Rs. 102 lakh crore national infrastructure plan
Why is it in the news?
- Finance Minister unveiled a ₹102 lakh crore national infrastructure pipeline.
- The plan is in accordance with the government's vision to make India a $5 trillion economy by 2024-25.
More in the news
- Under the plan, the Centre, the States and the private sector sharing the capital expenditure in a 39:39:22 formula.
- This will be a significant increase over the last six years, when the Centre and the States together spent ₹51 lakh crore on infrastructure.
- Distribution:
(1) A task force of senior bureaucrats, had identified Rs. 102 lakh crore worth of projects in 18 States as part of a National Infrastructure Pipeline.
(2) Another Rs. 3 lakh crore worth of projects are likely to be added soon.
(3) Certain States were yet to put forward their pipelines.
- Funds:
(1) The funds would come from budgetary and extra- budgetary resources, as well as those raised from the market and the internal accruals of the relevant state-owned companies.
- Focus Areas:
(1) Almost a quarter of the capital expenditure is going to the energy sector, with ₹24.5 lakh crore expected to be invested in power, renewable energy, atomic energy and petroleum and natural gas.
(2) This is also the sector where the private sector has expressed the most interest.
(3) The other major focus areas are roads (19%) and railways (13%), urban (16%) and rural (8%) infrastructure, and irrigation (8%).
Source
The Hindu.