HomeNewsBusinessEconomyGovt gets Rs 1.15 cr towards regional air connectivity fund

Govt gets Rs 1.15 cr towards regional air connectivity fund

The ambitious Regional Connectivity Scheme (RCS) seeks to connect unserved and under-served airports as well as make flying more affordable. It has also set up the RCS fund which would be utilised for providing viability gap funding to airlines participating in the scheme.

March 10, 2017 / 10:07 IST
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The government has garnered more than Rs 1.15 crore towards the fund for regional air connectivity scheme, Civil Aviation Minister Ashok Gajapathi Raju said.

The ambitious Regional Connectivity Scheme (RCS) seeks to connect unserved and under-served airports as well as make flying more affordable. It has also set up the RCS fund which would be utilised for providing viability gap funding to airlines participating in the scheme.

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In a written reply to the Lok Sabha, Raju said that "till date, an amount of Rs 1,15,42,000 has been received" under the RCS fund.

An amount of up to Rs 8,500 is being levied from scheduled airlines operating in major routes to raise money towards the RCS fund.