Special Assistance provided to States interest free loan of Rs. 1.3 Lac Cr. during FY23-24

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Official Twitter Account of the Ministry of Finance twitted “ЁЯСЙ Centre approves Rs. 56,415 crore to 16 States for Capital Investment under тАШSpecial Assistance to States for Capital Investment 2023-24тАЩ Scheme for giving timely boost to capital spending by States

ЁЯСЙ Capital investment projects in diverse sectors have been approved including health, education, irrigation, water supply, power, roads, bridges and railways

ЁЯСЙ In view of a higher multiplier effect of capital expenditure and in order to provide boost to capital spending by States, the scheme тАШSpecial Assistance to States for Capital Investment 2023-24′ was announced in the Union Budget 2023-24

ЁЯСЙ Under the scheme, special assistance is being provided to the State Governments in the form of 50-year interest free loan up to an overall sum of Rs. 1.3 lakh crore during the financial year 2023-24″

 

 

News & Image Source: Twitter (@FinMinIndia)

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