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Special Assistance to States for Capital Investment
December 13 , 2024
12 hrs 0 min
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- The Union government has released Rs 50,571.42 crore to states under its ‘Special Assistance for Capital Investment’ scheme.
- It aimed at boosting funding for various development projects during the first eight months of the current financial year.
- 23 out of 28 states have availed the interest-free assistance provided by the Centre, with Arunachal Pradesh, Haryana, Kerala, Punjab, and Telangana being the exceptions.
- This scheme provides 50-year interest-free loans to state governments to boost capital expenditure.
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