Government to expand DigiGaon project to 700 villages this year

DigiGaon initiative to connect 700 villages by year end…


Digi

The government plans to expand the Digital Village or DigiGaon initiative to 700 villages across the country. The initiative not only connects the villages with Wifi but also assists in entrepreneurship opportunities.

Why is this important

The project was first announced in the Union Budget 2017-18 and, since then, the villages have been equipped with solar lighting facility in their community centres, LED assembly units, sanitary napkin units, and wi-fi choupals (rural wi-fi infrastructure) and a slew of suitable applications. In addition to this, the villages also enjoy facilities from common service centres which offer banking, health, education, financial planning, and a host of other services.

Stocks to be impacted

The initiative undertaken by the government to connect 700 villages with Wifi works well for companys such as Tejas Network (CMP Rs.319, MCap Rs. 2910 crs, FY2020 PE: 15.2x)

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