In a virtual meeting with senior finance ministry officials on Thursday, finance secretaries of several states have sought removal of the condition that the third installment of the united part of the loan will be disbursed only to those states, which spend 45% of "own capexbudget" in the first half of the fiscal.
The untied component of the loan is ₹1 trillion, and this will be released in three equal installments, according to a circular issued by the Centre earlier.
"As per the current norms, a state would not get the third installment of the untied loan if it does not achieve 45% of the annual target by September. We want proportionate release of funds if a state falls short of its target marginally," a state government official, who attended the meeting, told FE.
Bu hikaye Financial Express Mumbai dergisinin April 22, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin April 22, 2023 sayısından alınmıştır.
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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