States get 400-bln-rupee capex assistance since Apr, says govt source

Informist, Thursday, Aug 17, 2023


By Priyasmita Dutta and Sagar Sen


NEW DELHI – The Centre has released about 400 bln rupees to states under the special assistance scheme in the current financial year ending March so far, a senior official from the finance ministry told Informist.


The amount has been released under 'Special Assistance to States for Capital Investment 2023-24'. Under this scheme, which was announced in the Budget, special assistance is being provided to state governments in the form of 50-year interest-free loans up to an overall sum of 1.3 trln rupees in 2023-24 (Apr-Mar).  


On Jul 31, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha that an amount of 295 bln rupees was released to Assam, Bihar, Goa, Haryana, Himachal Pradesh, Madhya Pradesh, Odisha, Rajasthan, Sikkim, Tamil Nadu, Telangana, and West Bengal.


Chaudhary had also said that the Centre approved capital expenditure proposals amounting to 849 bln rupees of 21 states under the special assistance scheme in the current financial year till Jul 31.  End


Edited by Tanima Banerjee


For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.


Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.


Informist Media Tel +91 (11) 4220-1000

Send comments to


© Informist Media Pvt. Ltd. 2023. All rights reserved.


Other News.

INTERVIEW: Nomura Sribalasundaram says India gilts not a top pick

Informist, Monday, Dec 4, 2023 –Nomura Sribalasundaram: India gilts certainly not a top pick for us–CONTEXT:Nomura rates strategist Sribalasundaram remarks in interview–Prefer Indonesia, Korea bonds over India–India 5-yr bond, swap spread not too exciting–Gilts may outperform OIS, tighten spreads–1-yr OIS shows liquidity ease, not rate cut–See MPC cutting rates in Aug, before FOMC–See RBI cutting repo rate by 100 bps FY25–Expect clarity on […]

IIFL Samasta MD says plan to raise 140-150 bln rupees via debt FY25

Informist, Monday, Dec 4, 2023 –IIFL Samasta Fin MD: Sees 30% growth in loans FY25 –IIFL Samasta Fin plans to raise up to 50 bln rupees via debt Oct-Mar –IIFL Samasta Fin plans to raise up to 140-150 bln rupees via debt FY25 –IIFL Samasta plans to raise 10-15 bln rupees via overseas loan FY25  By Asmita Patil MUMBAI – IIFL […]

India Sugar: Down in north on selling pressure; flat in Maharashtra

Informist, Monday, Dec 4, 2023  By Taniva Singha Roy  MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh fell today due to selling pressure on mills and subdued demand. Prices in Maharashtra were flat due to lack of fresh triggers, said traders. Mills in Uttar Pradesh reduced prices by 10–20 rupees per 100 kg due to less buying and […]