SETU BANDHAN SCHEME (Syllabus: GS Paper 3 – Economy - Infrastructure)

Context: Recently, the Ministry of Road Transport & Highways has disclosed the approval of seven crucial bridge projects in Arunachal Pradesh under the Setu Bandhan Scheme under Central Road and Infrastructure Fund (CRIF).

Setu Bandhan Scheme

• About: This scheme was introduced to enhance inter-state connectivity, particularly in rural border areas that often lack adequate attention from state road authorities.
• Nodal Ministry: Ministry of Road Transport and Highways (MoRTH).

oIt's important to note that the Setu Bandhan scheme is distinct from the "Setu Bharatam" program.

• Objective: To eliminate all Railway Level Crossings on national highways by 2019.

Central Road and Infrastructure Fund (CRIF)

• Establishment: In the year 2000, It was established through the enactment of the Central Road Fund Act, 2000.
• Formerly known as: The Central Road Fund.

oThis fund is constituted by a cess that is levied in addition to excise duty on both petrol and diesel.

• Held by: The Ministry of Finance.