Budget2020-2021: Govt allocates funds to service Air India debt and regional flights
Air India Asset Holding Limited (AIAHL), subsidiary that houses Air India’s debt, and government’s flagship Regional Connectivity scheme are the only two major allocations for the aviation ministry in this year’s Budget, which was presented by the finance minister today.
While allocation to AIAHL for 2021-22 has increased marginally to Rs 2,268.99 crore from Rs 2,215.50 crore during the current fiscal, allocations for Ude Desh ke Aam Nagrik (UDAN) scheme has reduced from Rs 700 crore from the current year to Rs 600 crore.
