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11 states meet capex target in Q1 FY2021-22

  • According to the news report, 11 states in India have achieved the target for capital expenditure (Capex) in the first quarter of the financial year 2021-22.

  • The target has been set by the Government of India.

  • After the completion of the target, these states have been granted permission to borrow an additional amount of ₹15,721 crores by the Department of Expenditures.

  • These states are Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, Meghalaya, Nagaland, Rajasthan, and Uttarakhand.

  • On Tuesday, the Finance Ministry of India released the statement.