Out of the â¹80,000 crore earmarked this fiscal for the 'Special Assistance to States for Capital Investment' scheme, â¹40,000 crore has already been disbursed without conditions; of the rest, â¹30,000 crore will be disbursed only if states can show progress on reforms or present specific project proposals, two people aware of the plan said on condition of anonymity.
States must also ensure that the loan is used to supplement their capex and not used as a substitute for it.
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India in economic sweet spot, inflation to moderate: Moody's
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