According to Ashwini Vaishnaw, Minister of Railways, Communications and Electronics and Information Technology, the government is investing nearly $30 billion to ensure last-mile network accessibility for 4G and 5G in the villages across the country. The investment is in line with government’s aim to build a robust digital infrastructure in the rural areas and create an ecosystem of village entrepreneurs.
As per Vaishnaw, the government has reached out to over 150,000 gram panchayats (GPs) till date. The minister further noted that approximately 80,000 new connections are being facilitated every month.
Additionally, Vaishnaw noted that the key areas in fintech for the government includes building a robust digital infrastructure and a digital regulatory framework, along with social inclusion and the societal imperatives around it.
