HomeNewsBusinessEconomyVibrant Villages Program gets Rs 1050 crore allocation in budget, higher than FY24

Vibrant Villages Program gets Rs 1050 crore allocation in budget, higher than FY24

The allocation is Rs 750 crore higher than what was allotted for the program in the FY24 Union Budget.

February 01, 2024 / 18:23 IST
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Finance Minister Nirmala Sitharaman has announced the allocation of Rs. 1050 crore for FY25 towards Vibrant Villages Program (VVP) in her interim budget speech, on February 1. The allocation is Rs. 750 crore higher than what was released for the program in the current financial year.

The corpus announced in the Budget speech is part of the already approved outlay of Rs. 4800 crore for FY23-26, for  a comprehensive development  of  select  villages  in  46  blocks across 19 districts. These villages are near the northern border with China in the states of  Arunachal Pradesh, Himachal Pradesh, Sikkim, Uttarakhand and UT of Ladakh.

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The objective of VVP is comprehensive development of these villages to improve the quality of life of people and attempt to reverse outmigration. The programme will create opportunities for livelihood through promotion of agriculture, horticulture, tourism and cultural heritage, skill development and entrepreneurship, among other measures.

Through this program, Government aims to improve road connectivity to remote villages, housing & rural infrastructure, energy including renewable energy, television and telecom connectivity.