Government Clears Projects Worth Rs 2,900 Crore In 8 States
NDTV
Government has cleared projects worth Rs 2,900 crore in eight states under its scheme for providing special assistance for capital expenditure
Government has cleared projects worth Rs 2,900 crore in eight states under its scheme for providing special assistance to them for capital expenditure in the current financial year. To allow states to implement these projects, Finance Ministry has released funds worth Rs 1,393 crore to them, till date.
The eight states where projects have been approved are Punjab, Bihar, Madhya Pradesh, Chhattisgarh, Himachal Pradesh, Maharashtra, Telangana and Sikkim.
The special assistance to states for capital expenditure for 2021-22 was launched by the Centre in April 2021 in order to provide financial help to states, keeping in mind the rising financial burden on them to manage their capital expenditure due to the raging second wave of the Coronavirus pandemic.
The scheme provides financial help to states through a 50-year interest free loan up to an overall amount not crossing Rs 15,000 crore during the current financial year.
