The Rural Development Act is one of several measures announced by the government this week aimed at improving rural development in the country.
One of the most important parts of the act is the rural business incubator, where companies can receive funds to set up a small or medium-sized enterprise in rural areas.
The incubator will allow small businesses to expand, attract more customers and be able to take advantage of the existing market, which is estimated to be around $4.7 billion.
The act also aims to improve access to health care and promote more sustainable farming practices.
It also aims at ensuring access to education, employment, and training.
The act is set to be formally announced on Thursday.
This article was updated to include the announcement of the rural development incubator and updated information on the Rural Development Bill.