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IT Minister Ashwini Vaishnaw has said the government is investing nearly $30 billion to ensure last-mile network accessibility for 4G and 5G in every village across the country and build a robust digital infrastructure in the rural areas. Vaishnaw said the government has reached out to over 1.5 lakh gram panchayats to date.

He emphasized ‘We are now creating a whole ecosystem of village entrepreneurs, channelising the energies of youngsters to take good quality, high-speed data connectivity to every village in the country while making them a part of the growth journey.’ He added ‘We have tested this model and approximately 80,000 new connections are now being facilitated every month.’

He said there are three key areas in fintech for the government - building a robust digital infrastructure and a digital regulatory framework, along with social inclusion and the societal imperatives around it.