Centre allocates ₹90,000 cr interest-free loans to states
after close1 source ↓written by the desknot a recommendation
- in interest-free loans
- ₹90,000 cr
- of the total
- 45%
- for the year
- ₹2 lakh cr
- nationwide
- 9,000 projects
The Centre will provide ₹90,000 cr in interest-free loans to state governments in Q1 FY24 to boost economic activity amid global uncertainties. This disbursement represents 45% of the total budgeted ₹2 lakh cr for the year. The Scheme for Special Assistance to States for Capital Investment has significantly evolved, supporting over 9,000 projects nationwide.
Not investment advice. For informational purposes only.