The Ministry of Finance has released loans worth ₹66,745 crore to 28 states under the Scheme for 'Special Assistance to States for Capital Investment.'
In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary stated that the scheme is aimed at boosting capital expenditure by states.
Under the scheme, special assistance is being provided to state governments in the form of a 50-year interest-free loan, up to an overall sum of ₹1.3 lakh crore during the financial year 2023-24.
Between April 1, 2023, and February 1, 2024, ₹66,745.21 crore has been released to 28 states under the Scheme for 'Special Assistance to States for Investment,' Chaudhary said.
In the 2022-23 fiscal year, ₹81,195.35 crore was released under the scheme. Capital investment projects in diverse sectors have been approved, including health, education, irrigation, water supply, power, roads, bridges, and railways.
Funds for meeting the state share of the Jal Jeevan Mission and Pradhan Mantri Gram Sadak Yojana have also been provided to the states under this scheme to enhance the pace of projects in these sectors.
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