Overall scheme likely to see Rs 10,000-cr cut in the coming Budget proposals
The Cabinet today approved a Rs 38,500-crore allocation over five years for some projects under the Pradhan Mantri Gram Sadak Yojana. The overall scheme is expected to see a Rs 10,000-crore cut in the coming Budget proposals. The scheme had an annual allocation of Rs 24,000 crore till this year. There would be about Rs 7,000 crore annually for the schemes approved today. The Cabinet is also to consider next week a new version of the PMGSY, which might take the total annual spending to Rs 14,000 crore.