Disconnect in India's rural telecom fund; $4.65 bn idling

rural-telecomNew Delhi, July 28 : A fund created 10 years ago to help link each of India's 638,596 villages with telecom and broadband connectivity with mandatory contributions by private service providers seems to be idling, with a whopping $4.65 billion in balance.

Thus far, around $8.4 billion (Rs. 50,682.95 crore) has been collected towards what is called Universal Service Obligation Fund (USOF) since 2002-03 when parliament approved the scheme. Official data shows $4.65 billion (Rs. 27,949.91 crore) remains unused.

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