Centre to release ₹90,000 cr in capex loans to states
pre-market1 source ↓written by the desknot a recommendation
- as interest-free capex
- ₹90,000 crore
- of the total
- 45%
- aimed at boosting
- ₹2 lakh crore
- nationwide
- 9,000 projects
The Centre will disburse ₹90,000 crore as interest-free capex loans to state governments in Q1 FY24. This represents 45% of the total budgeted outlay of ₹2 lakh crore aimed at boosting economic activity amid global uncertainties. The Scheme for Special Assistance to States for Capital Investment has evolved significantly, now facilitating over 9,000 projects nationwide.
Not investment advice. For informational purposes only.