The date August 28th, 2018 shall be remembered as a true landmark moment in the history of the state of Rajasthan, and this article discusses exactly that with respect to what it pertains to in the future. Essentially speaking, the Union Government of India, the Rajasthan State Government and the World Bank have jointly signed and taken upon themselves to implement the Development Policy Loan of approximately 250 million USD for the purpose of improving the Electric Distribution Sector of the entire state under the “24X7 Power for All” program.
Key Highlights of the Program
The agreement has been signed and ratified by key representatives from all the three parties, and has a maturity period of 21 years. As such, this is being officially referred to as the “Second Programmatic Electricity Distribution Reform Development Policy Loan” by our local authorities as the first had expired in 2017. The plan has been predicted to be extremely beneficiary especially with respect to the UDAY initiative launched by the Union Government in 2015. While almost the entirety of the state would benefit from the loan with respect to many action plans that are at standby, the measure would inevitably accelerate such programs already in place to provide with various electrical facilities to people all around the state.
The Possible Impact of the Program
While reforms within the state has been a reality and not to be taken lightly, this DPL is already being seen as a significant step forward wherein the long unfulfilled dream of providing electrical power and facilities to each and every corner of this great state seems like more of a reality. The geographical and population density levels within the state tends to fluctuate quite greatly; not affording the reform plans a proper chance to be implemented effectively.
Though the state and region has improved greatly over several decades, the development procedures always seem to hit an invisible glass ceiling when it came to more challenging scenarios and plans. While the plans and reform strategies have been discovered over the years, the government lacked any real or significant resources so that they could implement and change the landscape in an effective way. This agreement and the monetary results would possibly be a new dawn for everyone who know and love the state of Rajasthan.