Will not cross fiscal deficit target with power for all scheme: Government

Will not cross fiscal deficit target with power for all scheme: Government


National | Written by : IANS| Updated:

 

Will not cross fiscal deficit target with power for all scheme: Government

New Delhi, Sep 25 : The Central government on Monday said that it will not exceed its fiscal deficit target for 2017-18 to fund the Sahaj Bijli Har Ghar Yojna, a scheme aimed at providing electricity connection to every household.

Power and New & Renewable Energy Minister R.K. Singh said that the new scheme announced by Prime Minister Narendra Modi on Monday will be funded through "existing financial resources".

"As far as the fiscal deficit is concerned... this (scheme is being funded) through resources which are already there. We are not taking anything extra," he said at the a function held here to launch the scheme, which is estimated to cost Rs 16,320 crore.

"This scheme is being funded by the central government and a component of it is comng from the state governments... There is no question of anyone depositing anything to avail the benifits of this scheme," he said.