States to get Rs 15,000 cr more from Centre to boost capital expenditure

In a bid to boost capital spending by states and nudge them to monetise their assets, the Centre will provide an additional Rs 15,000 crore as interest-free 50-year loan to them. This is in the wake of the economy facing headwinds on account of a second Covid wave.
 
The funds provided to states under the scheme will need to be used for new and ongoing capital projects, and to settle pending bills for ongoing capital projects.
 
Besides the amount earmarked for North East and other states, Rs 5,000 crore has been allocated to incentivise states for monetisation of