Centre moots overseas UDAN

Scheme will enable States to choose routes, provide subsidy to airlines
State governments will be able to encourage tourism on preferred international air routes by offering subsidy to domestic airlines for a period of three years. The Ministry of Civil Aviation has prepared a draft scheme document for “UDAN International” and invited comments from stakeholders till September 4. The scheme is designed for State governments that are keen to promote air connectivity on international routes identified by them and for which they are willing to provide subsidy to airlines. The airlines will bid on the percentage of flight capacity for which they require financial assistance, provided that the figure doesn’t exceed 60% of the flight capacity. The entity that quotes the lowest amount will be awarded subsidy for a particular route.
Source : https://www.thehindu.com/todays-paper/tp-business/centre-moots-overseas-udan/article24748370.ece

About ChinmayaIAS Academy - Current Affairs

Check Also

INDIA-INDONESIA COORDINATED PATROL

CONTEXT: Recently, the 35 edition of India-Indonesia Coordinated Patrol (IND-INDO CORPAT) between the Indian Navy …

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates