Centre clears Rs 56,415 crore to 16 states for capital investment
NEW DELHI: The ministry of finance has approved capital investment proposals of Rs 56,415 crore for 16 states in the current financial year under a special assistance scheme announced in the budget.In order to boost capital spending by states, the 'Special Assistance to States for Capital Investment 2023-24' scheme was announced in the Union Budget 2023-24. Under the scheme, special assistance is being provided to the states in the form of a 50-year interest-free loan up to an overall sum of Rs 1.3 lakh crore during the financial year 2023-24.The department of expenditure has approved capital investment proposals of Rs 56,415 crore to 16 states in the current financial year under the 'Special Assistance to States for Capital Investment 2023-24] scheme, a finance ministry statement said.Ca...