Capex proposals from states may come early in FY24: FM Sitharaman

The 50 year interest free capex loans worth Rs 1.3 trillion are part of the Centre's FY24 capex budget of Rs 10 trillion

States are expected to come up with plans to avail of the budgeted Rs 1.3 -trillion capital expenditure (capex) loans as early as April, Finance Minister (FM) Nirmala Sitharaman said on Thursday at a post-Budget interactive session by the Federation of Indian Chambers of Commerce & Industry (Ficci) on the Union Budget 2023-24 (FY24).
 

“The states showed a good appetite for capex utilisation last year. That has been one of the reasons for increasing allocation by Rs 30,000 crore to Rs 1.3 trillion. In my interaction with state officials, I have strong reasons to believe that the proposals will be