Akash Jha
Although the RCS-UDAN Scheme helped over 12.5 lakh passengers in the seven months ending in October, the Union government may have a hard time reaching its full fiscal year goal.
During the fiscal year of 2023–24, the government aimed to transport 30 lakh passengers. If the government wants to reach its annual goal, it needs to make sure that additional 17.5 lakh people use the UDAN Scheme before the end of the year.
The months of January through March are usually not very busy for airlines. If the nation wants to reach its goal, it may need the travel data for November and December, which includes travel for holidays.
By 2024, the government aims to have 1,000 UDAN routes operating and 100 underserved or unserved airports, heliports, or water aerodromes restored or developed so that UDAN aircraft can take off.
Revitalizing the country’s older airstrips and airports is a key component of the Regional Connectivity Scheme (RCS)-UDAN (Ude Desh ka Aam Nagrik) Scheme, which aims to connect underdeveloped and unserved airports. For a duration of ten years, the plan would run.
Funds totaling 3,020 crores have been distributed to participating airlines as of November 28, 2023, by the Regional Air Connectivity Fund Trust (RACFT).
Also read :- An Introduction to LUPA Stocks: An Investors Guide
The amount of 3,751 crores out of 4,500 crores was used for the development of airports under the project.
Five hundred seventeen RCS routes, including two water aerodromes and nine heliports, have begun operating under UDAN, linking seventy-six airports. So far, the programme has helped over 123 lakh passengers.
