Union Cabinet Extends Jal Jeevan Mission Funding to ₹8.69 Lakh Crore Until 2028
The Union Cabinet has approved an extension of the Jal Jeevan Mission until 2028 with a total outlay of ₹8.69 lakh crore, increasing the central share to ₹3.59 lakh crore from ₹2.08 lakh crore allocated in 2019-20. The funding aims to enhance infrastructure and ensure continuous water supply. The decision is expected to benefit several companies involved in engineering, procurement, construction, and manufacturing of pumps and pipes, reviving delayed payments and improving order visibility.
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The Union Cabinet approved the extension of the Jal Jeevan Mission until 2028 with a total outlay of ₹8.69 lakh crore, increasing the central funding to ₹3.59 lakh crore. This follows a halt in fresh funding due to corruption allegations that delayed payments to EPC companies.
Companies like L&T, Welspun, and pump manufacturers like Shakti Pumps are expected to benefit. The Jal Jeevan Mission aims to provide functional tap connections to rural households. Recent earnings calls indicate improved collections for companies involved, with notable orders linked to the mission.
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