The Union Government has decided to continue the redesigned and expanded versions of the Scheme for Special Assistance to States for Capital Expenditure or Investment.
This was decided based on the continued positive response to the Schemes for Special Assistance to States for Capital Expenditure or Investment by the State Governments including in the pre-budget meetings of the Union Finance Minister with the Finance Minister of the States.
This was stated in a written reply by the Minister of State for Finance, Pankaj Chaudhary in Lok Sabha today.
The Minister stated that the Union Finance Minister in her Interim Budget 2024-25 speech announced the Scheme for Special Assistance to States for Capital Investment 2024-25 with an allocation of One lakh 30 thousand crore rupees.
Under the Scheme, an amount of 75 thousand crore rupees is to be provided on completion of milestone-linked reforms by the State Governments in the citizen-centric and sector-specific areas. The Scheme for Special Assistance to States for Capital Expenditure was launched in the financial year 2020-21.
