Quick Summary
Deadline for States to implement citizen centric reforms extended till 15th February 2021 States to get additional borrowing permission on completion of reforms Successful States also get additional financial assistance for Capital Expenditure 11 States have already completed reforms in atl
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FAQ :
The deadline for states to complete citizen-centric reforms has been extended to 15th February 2021.
The four critical areas for reforms are: Implementation of One Nation One Ration Card System, Ease of doing business reform, Urban Local body/ utility reforms, and Power Sector reforms.
States can receive two main benefits: additional borrowing permission equivalent to 0.25% of their GSDP for each reform completed, and additional funds for capital expenditure if they complete at least three out of the four reforms.
States can achieve additional borrowing of up to Rs.2.14 lakh crore on completion of all four reforms.
This scheme, part of the AatmaNirbhar Bharat Package 2.0, earmarks Rs.12,000 crore to boost capital expenditure by state governments, with Rs.2,000 crore allocated for states completing at least three reforms.
So far, 11 states have completed reforms in at least one sector, with specific numbers for each reform area also mentioned in the article.
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