Govt OKs Rs 4500 cr for reviving unserved, underserved airports, AAI, and PSUs

Image
Capital Market
Last Updated : Dec 20 2022 | 11:31 AM IST
The government is working on reviving and developing 100 unserved and underserved airports, heliports and water aerodromes by next year. This is part of a target to operationalize 1000 routes under Ude Desh ka Aam Nagrik (UDAN) scheme.

Replying to a question in Rajya Sabha, Civil Aviation Minister Jyotiraditya Scindia said that the government has approved a budget of Rs 4500 crore for revival of existing unserved, underserved airports, airstrips of the state governments, Airports Authority of India (AAI), PSUs and civil enclaves.

He said UDAN launched in October 2016, is applicable for a period of 10 years. It aims to improve the Regional Connectivity Scheme and to make air travel affordable to the masses. Scindia said, under the UDAN scheme, Tier-2 and Tier-3 cities are provided with air connectivity with affordable airfares. He also said more than 2 lakh UDAN flights have been operated and over 1 crore passengers have availed of the benefits so far.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 20 2022 | 11:20 AM IST

Next Story