The cabinet Wednesday gave nod to the third batch auctions of private FM radio stations under phase-III.
Close to 683 private FM radio channels will be auctioned across 236 cities in subsequent batches.
The move will facilitate an enhanced radio experience extended to cities.
At present, some of the cities still have no access to private FM radio channels, this includes cities in the border areas of Jammu and Kashmir and the North-East, especially where the population is less than a lakh.
The FM auction will also cover districts hit by left-wing extremism.
Batch-I and II auctions, under phase-III of the FM Policy Guidelines, were approved by the Cabinet in 2011.
The roll-out was carried out in 2015 and 2016 respectively.
97 channels in 56 cities were sold in batch-I while 66 channels in 48 cities were sold in batch-II.
The complete roll-out of FM phase-III auctions will ensure private FM radio broadcasting to all 29 States and 6 out of the 7 Union Territories barring Dadra & Nagar Haveli.
The move will also generate direct and indirect employment ensuring jobs to over 10000 people across the nation.
The auctions are like to yield an estimated revenue of more than ?1100 crores.