The Ministry of Finance has decided to provide an additional amount up to Rs 15,000 crore to States as interest free 50 years loan for capital project. It includes Rs 5,000 crore for the purpose of assets monetization.
The Department of Expenditure has issued fresh guidelines regarding “Scheme of Financial Assistance for State Capital Expenditure” for the F.Y. 2021-22.
So far, an amount of Rs 12,000 crore was earmarked for the scheme for the F.Y. 2020-21, and sum of Rs 11,830.29 crore was released to the states.
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