Question

Consider the following statements about 'National Optical Fibre Network' (NOFN).
$1.$ It is for providing broadband connectivity to panchayats at an initial cost of over $Rs.20000$ crore.
$2.$ For the implementation and execution, the Cabinet has approved the formation of a special purpose vehicle with equity from the Government of India.
$3.$ The plan is to extend the existing optical fibre network initially upto panchayats by utilizing the Universal Services Obligation Fund (USOF).
Which of the statements given above is/ are true?

• A. Only $1$
• B. $1$ and $3$
• C. $2$ and $3$
• D. All of these

Answer 1

The correct option is D All of these

The National Optical Fibre Network (NOFN) is a project initiated in 2011 and funded by Universal Service Obligation Fund to provide broadband connectivity to over two lakhs (200,000) Gram Panchayats of India at an initial cost of ₹20,000 crore ($3 billion). A special purpose vehicle Bharat Broadband Network Limited (BBNL) was created as a Public Sector Undertaking (PSU) under the Companies Act of 1956 for the execution of the project. All the given statements are true about the scheme.