The Centre will link a large chunk of 50-year interest-free loans to states with specific outcomes, in a bid to nudge them to make capital investments for infrastructure in a time-bound manner, a senior finance ministry official said.
Of the ₹1.3 trillion earmarked for the ‘special assistance to states for capital investment’ scheme in the interim budget 2024-25, about ₹75,000 crore, or 58%, will be linked to outcomes and reforms carried out by the states, Union finance secretary T.V. Somanathan said.
The remaining ₹55,000 crores will also come with a "simple condition", Somanathan said: "For availing the ₹55,000 crores interest-free loan, it (the infrastructure project) should be incremental; don’t use this to substitute your capital expenditure, make it over and above your last year’s overall capital expenditure."
هذه القصة مأخوذة من طبعة February 06, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 06, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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