IT Minister Ashwini Vaishnav said on Thursday that the government is investing around $30 billion to ensure end-to-end network access for 4G and 5G in every village across the country and to build a strong digital infrastructure in rural areas. .
Speaking at the ‘Global Fintech Fest 2022’, Vaishnav said that the government has so far reached out to more than 1.5 lakh gram panchayats.
“We are now creating a complete ecosystem of rural entrepreneurs who harness the energy of the youth to take good quality, high-speed data connectivity to every village in the country as part of the development journey,” the minister stressed.
“We have tested this model and now around 80,000 new connections are being given every month,” he said.
Vaishnav said there are three key areas in fintech for the government – building a strong digital infrastructure and a digital regulatory framework, as well as social inclusion and the social imperatives surrounding it.
Sharing his views on the Digital Regulatory Framework, the Minister said that Telecom is the foundation of Digital India.
“Prime Minister Narendra Modi has given us a clear mandate to transform our digital regulatory framework in such a way that it is globally benchmarked and supports global competitiveness,” Vaishnav said.
Talking about the integration of payment systems in the transport sectors, he said that when a project was taken up on general mobility, “The way technology has evolved in the last 5-10 years, I think instead of cards , perhaps the mobile phone itself will become the general integration factor”.
After government to invest $30 billion to build 4G, 5G infra in rural India: IT minister first appeared on BGR India.