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Digital Bharat Nidhi
July 21 , 2024
5 hrs 0 min
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- The Department of Telecommunications (DoT) has released the draft rules to operationalise the Digital Bharat Nidhi, to increasing the telecom connectivity in rural areas.
- It would replace the erstwhile Universal Service Obligation Fund (USOF).
- USOF is a pool of funds generated by a 5 per cent Universal Service Levy charged upon all the telecom fund operators on their Adjusted Gross Revenue (AGR).
- Contributions made by telecom companies towards the Digital Bharat Nidhi will first be credited to the Consolidated Fund of India (CFI).
- Between 2017 and 2022, the government had collected Rs 41,740 crore towards the USOF, of which it had utilised Rs 30,213 crore – about 72 per cent.
- Most notably, in 2019-20, the collection was Rs 7,962 crore, of which the utilised amount was just Rs 2,926 crore.
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