Govt to invest $30 Bn to set up 4G and 5G infra in rural India
Speaking at the ‘Global Fintech Fest 2022’, IT Minister Ashwini Vaishnaw said that the government is investing nearly $30 billion to ensure network accessibility for 4G and 5G in every village across the country and build a robust digital infrastructure in the rural areas.
The minister also said that the government has reached out to over 1.5 lakh gram panchayats to date. On the digital regulatory framework, the minister said that telecom is the very foundation of Digital India.
The union minister said, “We are now creating a whole ecosystem of village entrepreneurs, channelising the energies of youngsters to take good quality, high-speed data connectivity to every village in the country while making them a part of the growth journey.”
Vaishnaw said there are three key areas in fintech for the government - building robust digital infrastructure and a digital regulatory framework, along with social inclusion and the societal imperatives around it.
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