The Ministry of Finance has given the green light to capital expenditure projects worth £2,903.80 crore across eight different states. This initiative, part of the 'Special Assistance to States for Capital Expenditure for 2021-22' scheme, aims to provide a timely economic stimulus, particularly in the wake of the COVID-19 pandemic's second wave. An initial sum of £1,393.83 crore has already been disbursed to these states.
Ministry of Finance approved capital expenditure projects of Rs. 2,903.80 crore in 8 States
Rs. 1,393.83 crore released to 8 States
Scheme Special Assistance to States for Capital Expenditure for 2021-22 gives timely stimulus to economic recovery
The Department of Expenditure, Ministry of F
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FAQ :
The Ministry of Finance has approved capital expenditure projects totalling Rs. 2,903.80 crore.
A total of 8 states are benefiting from this approval.
These projects are approved under the scheme titled 'Special Assistance to States for Capital Expenditure for 2021-22'.
An amount of Rs. 1,393.83 crore has been released to the 8 states.
The scheme was launched to provide timely stimulus to economic recovery and to offer much-needed resources to states amidst the second wave of the COVID-19 pandemic.
The scheme provides special assistance to State Governments in the form of a 50-year interest-free loan, up to a maximum of Rs. 15,000 crore during the financial year 2021-22.