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Centre sanctions Rs 51,085 cr capex loan to 18 states

Wednesday, 19 Oct 2022
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The Centre has approved an amount of Rs 51,085 crore of the Rs one trillion interest-free 50-year capex loans earmarked for FY23, to 18 states till September 2022. 
 
The beneficiary states so far are Bihar, Chhattisgarh, Karnataka, Maharashtra, Uttar Pradesh, Tamil Nadu, Haryana, Madhya Pradesh, Jharkhand, Goa, Himachal Pradesh Meghalaya, Assam, Manipur, Nagaland, Sikkim, Arunachal Pradesh and Tripura. 
 
The Centre launched an expanded scheme of Rs one trillion for FY23 to help states maintain capex. 
 
Of this, Rs 80,000 crore will be released proportionately to the states’ share in the devolution of central taxes and for projects solely based on their viability. 
 
The balance Rs 20,000 crore is linked to infrastructure connectivity projects such as the laying of optical fibre cables for last-mile connectivity under BharatNet in rural areas, the PM Gram Sadak Yojana, projects under the GatiShakti master plan and urban sector reforms.
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