The €30 million Euro fund is aimed at enhancing amenities and boosting tourism in towns and villages across the country over a six year period.
The Taoiseach has already admitted that the scheme won't do a lot on its own.
Environment Minister and Tipperary TD Alan Kelly there on what he sees as the benefits the Governments rural town and village scheme.
The €30 million will be spent on public amenities, the renovation of derelict buildings, environmental initiatives that help support economic activity and other projects across the country.
It will be channelled through local authorities to be spent on rural towns and villages around Ireland.
However Tipperary Independent TD Mattie McGrath says it's a mere drop in the ocean and will be of little value.
Taoiseach Enda Kenny has acknowledged the impact the economic downtown has had on towns and villages throughout rural Ireland.
However he admits this scheme won't solve all of rural Ireland's problems.
For his part Environment Minister and Tipperary TD Alan Kelly says it will be a massive boost in particular for tourism projects in the Premier County.
However Deputy Mattie McGrath is far from convinced of the benefits the Rural Renewal Scheme will bring.
He says the €30 million available isn't a tenth of what’s needed.
