BSNL gets Rs.1,250 crore subsidy support

It is compensation for deficit incurred by BSNL in operating the rural wire-line connections

GN Bureau | September 21, 2016


#cabinet   #subsidy support   #BSNL  


 The union cabinet on Wednesday approved a proposal to extend subsidy support of Rs. 1,250 crore to Bharat Sanchar Nigam Limited (BSNL) from Universal Service Obligation Fund (USOF).

It is compensation for deficit incurred by BSNL in operating the rural wire-line connections installed prior to April 1, 2002.  The eligible rural wire-line connections is 32.32 lakh.
 
The cabinet also approved that the subsidy support would be the last and final payment and no further request from BSNL for financial/subsidy support from USOF on this count shall be considered.
 
USOF, since its inception in 2002, has been providing subsidy for BSNL for the rural wire line connections. A total of Rs. 8,692 crore has been extended as USOF subsidy support till date, for the rural wire-line connections, installed by BSNL prior to April 1, 2002.
 

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