States to get Rs.150 bln for capital expenditure

by Nidhi Bhati

The Ministry of Finance will provide an additional amount of upto Rs.150 billion to states as part of the ‘Scheme of Financial Assistance to States for Capital Expenditure’ for 2021-22. Under the scheme, financial assistance is provided to states in the form of 50-year interest free loan. In 2020-21, Rs.120 billion was earmarked for the scheme. Of which, Rs.118.3 billion has already been released.