Centre announces ₹90,000 cr interest-free loans for states
pre-market1 source ↓written by the desknot a recommendation
- in interest-free loans
- ₹90,000 crore
- of the budgeted
- 45%
- for capital expenditure
- ₹2 lakh crore
- across India
- 9,000 projects
The Centre will provide ₹90,000 crore in interest-free loans to state governments in Q1 FY24, representing 45% of the budgeted ₹2 lakh crore for capital expenditure. This initiative aims to bolster economic activity amid global uncertainties, with the Scheme for Special Assistance to States for Capital Investment evolving to support over 9,000 projects across India.
This funding is expected to enhance public investment and stimulate reforms, potentially boosting market sentiment in related sectors.
Not investment advice. For informational purposes only.