MP Gets Incentive of Rs 660 Crore for Capital Projects

MP Gets Incentive of Rs 660 Crore

Ministry of Finance has allocated additional Rs 660 crore to the Madhya Pradesh for capital expenditure. This additional amount has been given as incentive for completing three out of four citizen-centric reforms

The state has become the first State to get additional funds as incentive for capital projects for successfully carrying out reforms in various citizen-centric areas.

Capital projects with estimated cost of Rs 660 crore was approved by the Department of Expenditure. Fifty percent of the approved amount (i.e. Rs.330 crore) has also been released to the State as 1st instalment for the approved projects.

So far capital expenditure proposals of Rs. 10,657 crore of 27 States have been approved by the Ministry of Finance.

Out of which Rs. 5,328 crore has already been released to the States as the first instalment under the scheme.

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