THE state government is on the brink of missing out on approximately ₹5,000 crore in central funds due to an ongoing financial crunch, with the deadline for availing the Matching Grants Scheme (MGS) fast approaching.
Some key grants under the centrally sponsored scheme are set to expire by the end of this month, and unless the state releases the necessary matching funds, the central funds would lapse.
The Matching Grants Scheme is a collaborative funding mechanism where the central government and the states share the cost of various development projects.
This story is from the December 25, 2024 edition of The New Indian Express Hyderabad.
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This story is from the December 25, 2024 edition of The New Indian Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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