Budget 2020 is a promising step towards establishing India’s future as an enduring Digital Economy.
Rs 6000 Crore is allocated to the BharatNet programme in the Budget 2020. It seeks to link 100,000 Gram Panchayats this year through Fibre To The Home (FTTH) connections.
This News is Brought to You by SATiiTV.COM
The industry expects the initiative to increase internet penetration which is good for the digital economy.
Finance Minister Nirmala Sitharaman said that the Government’s vision is that all public institutions at Gram Panchayat level such as Anganwadis, health and wellness centres, Government schools, PDS outlets, post offices and police stations will be provided with digital connectivity.
This is important step taken in the direction of achieving the vision of a Digital India where rural India gets placed on the digital map.
The focus on building a vibrant start-up ecosystem with measures to improve access to funding and IP protection will help India emerge as a global hub for technological innovation.
India is the third-largest startup hub globally and the announcement of an investment clearance cell to provide end-to-end support to startup founders will encourage more youth to be job creators.