Madhya Pradesh and Andhra Pradesh have been awarded a combined Rs.1004 crore in additional financial assistance for capital expenditure. This funding is a reward for completing three out of four stipulated citizen-centric reforms, including 'One Nation, One Ration Card', ease of doing business, and urban local body reforms. The assistance is part of the 'Special Assistance to States for Capital Expenditure' scheme, launched to boost state-level capital spending amidst financial challenges.
Madhya Pradesh and Andhra Pradesh have become the first group of States to complete three out of the four citizen centric reforms stipulated by the Department of Expenditure, Ministry of Finance. The two States have completed the One Nation, One Ration Card Reforms, Ease of Doing Business Reforms, and Urban Local Bodies Reforms.
Consequent upon completion of reforms in the three sectors, the Department of Expenditure, Ministry of Finance has decided toprovide additional financial assistance a
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Community
-
Daily E-Newsletter
-
Unlimited News Access
-
Profile Visitors
-
Link Social Profiles
-
Featured Job Posts
-
Pro Badge
-
Expert GST Guidance
-
Unlimited Forum Replies
-
Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member?
Login here
for an ad-free experience. 07941056694
FAQ :
A total of Rs.1004 crore in additional financial assistance has been provided to Madhya Pradesh and Andhra Pradesh.
Andhra Pradesh received Rs.344 crore, and Madhya Pradesh received Rs.660 crore.
They received the funds for completing three out of four citizen-centric reforms stipulated by the Department of Expenditure.
The states completed the 'One Nation, One Ration Card' reforms, Ease of Doing Business reforms, and Urban Local Bodies reforms.
The scheme aims to boost capital expenditure by state governments, which is crucial for economic growth, especially during the current financial challenges.
The scheme was announced by the Finance Minister on 12th October 2020 as part of the Aatma Nirbhar Bharat package.