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Tuesday, December 24, 2024 | 01:26 AM ISTEN Hindi

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Budget 2023-24: Centre's capex support for states likely to continue

The scheme, for FY23, consists of Rs 1 trillion, 50-year, interest-free capex loans to states. It is part of the Centre's capex budget of Rs 7.5 trillion

Finance Minister, Nirmala Sitharaman, FICCI
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Arup Roychoudhury New Delhi
The Central government may continue with the ‘Scheme for Financial Assistance to States for Capital Investment’ in the next fiscal year (2023-24) with a possible allocation of Rs 1 trillion, Business Standard has learnt. This could be announced by Finance Minister Nirmala Sitharaman in her 2023 Union Budget speech.

It has been learnt that during informal discussions between central government officials and their state counterparts, it was conveyed by the latter that many states would like the capex support to continue.

“The scheme has been a success this year, and states have requested they would want it to

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