scheme for special assistance to states for capital expenditure Current Affairs, GK & News
The Ministry of Finance recently announced that it is to provide Rs 15,000 crores to the states for their Capital Expenditure for 2021-22. This is being provided as interest free fifty-year loan to spend on capital projects. Fresh guidelines have been announced in this regard called the “Scheme of Financial Assistance to States for Capital ..
Month: Current Affairs - May, 2021
Topics: Capital Expenditure • Disinvestment • Ministry of Finance • National Infrastructure Pipeline (NIP) • North East • scheme for special assistance to states for capital expenditure • Scheme of Financial Assistance to States
The Scheme for Special Assistance to States for Capital Expenditure is currently facing revenue shortfall due to COVID-19 pandemic. The scheme aims to increase the capital expenditure by the state governments. Under the scheme, the Ministry of Finance has so far approved capital expenditure proposals worth Rs 9,878.61 crores. Under the scheme, the capital expenditure ..
Category: Government Schemes Current Affairs