GoI announces interest-free ₹15000 crore loan to states for capital projects
3 years, 7 months ago

GoI announces interest-free ₹15000 crore loan to states for capital projects

Op India  

The Union Finance Ministry has decided to provide an additional amount of upto Rs 15,000 crore to states as interest-free 50-year loans for spending on capital projects. Earlier in October last year, finance minister Nirmala Sitharaman had announced Rs 12,000 crore interest-free 50-year loan to states for capital projects in a bid to boost the economy. The finance ministry has said that the funds provided to the states under the scheme shall be used for new and ongoing capital projects, for long term benefit to the state. Therefore, despite the adverse financial position of the Central Government, it was decided last year to launch a “Scheme for Special Assistance to States for Capital Expenditure”, the finance ministry said.

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History of this topic

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman
2 months, 4 weeks ago

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman

The Hindu  

Setty has said the bank has already got ₹4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year. As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure …

States seek improvements in 50-year interest-free loan scheme
6 months ago

States seek improvements in 50-year interest-free loan scheme

The Hindu  

States have urged the Centre to make some improvements in the 50-year interest free loan scheme for pursuing capital investment projects, under which the Union government has proposed to give them ₹1.3 lakh crore this year, the same amount as 2023-24. Ministers from States made suggestions related to the ‘Scheme for Special Assistance to States for Capital Investment’, first launched …

Interest-free loans to states may be extended
1 year ago

Interest-free loans to states may be extended

Hindustan Times  

New Delhi The central government may extend its ₹1.30 lakh crore interest-free loan for 50 years to states to boost capital expenditure and expedite policy reforms in the coming Budget with growing demand for the fund as 74% of the total corpus for 2023-24 is already sanctioned in just seven months of the current financial year, two officials aware of …

Finance Ministry Approves Rs 9,879 Crore Capital Expenditure Proposal of 27 States
4 years ago

Finance Ministry Approves Rs 9,879 Crore Capital Expenditure Proposal of 27 States

News 18  

The Finance Ministry on Saturday said it has approved Rs 9,879.61 crore worth capital expenditure proposals of 27 states. In a statement, the ministry said all states, except Tamil Nadu, have availed benefits of the newly announced scheme for ‘Special Assistance to States for Capital Expenditure’, which was announced on October 12 as part of AatmaNirbhar Bharat package. “So far …

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