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7 States meet the target for capital expenditure upto Q-2 of 2021-22 Get permission to mobilise additional Rs. 16,691 crore Seven States namely, Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan and Telangana have achieved the target set by the Ministry of Finance for the capital expenditure upto 2ndQuarter of 2021-22. As an incentive, these States have been granted permission by the Department of Expenditure on Friday to borrow an additional amount of Rs.16,691 crore. The
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FAQ :
Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan, and Telangana have been granted permission.
These seven states can collectively borrow an additional Rs. 16,691 crore.
They have been given permission as an incentive for meeting the capital expenditure targets set by the Ministry of Finance for the second quarter of 2021-22.
The additional borrowing permission is equivalent to 0.5% of each state's Gross State Domestic Product (GSDP).
The additional financial resources are intended to help the states further increase their capital expenditure.
After two rounds of review, a total of Rs. 32,412 crore in additional borrowing permission has been issued to states.
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