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Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultations with States and Union Territories (with Legislature) in New Delhi. The meeting was attended by the Minister of State for Finance Shri Pankaj Chaudhary; Governor of Manipur; Chief Minister
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FAQ :
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultations.
The meeting was attended by representatives from States and Union Territories with Legislatures, including Chief Ministers and Deputy Chief Ministers of various states and UTs like Goa, Haryana, Delhi, and Jammu and Kashmir.
A significant suggestion was to continue the Scheme for Special Assistance to States for Capital Investment (SASCI) with higher allocations.
The SASCI scheme is considered important because it helps in fast-tracking asset creation and supports capital investments in States and UTs.
Since 2020-21, the Union Government has released more than Rs 4.25 lakh crore as 50-year interest-free loans to States under the SASCI scheme.
The Finance Minister assured that the suggestions given by the participants would be duly examined and suitably considered while formulating the Budget 2026-27.
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