Govt. Approves Capex Loans Worth ₹9880 Crores For 27 States

  • The Finance Ministry of India has released ₹9880 crores worth Capex loans for 27 states of India excluding Tamil Nadu.

  • The ministry has approved the loans as relief from the COVID-19 financial crisis under the Atma Nirbhar Bharat Abhiyan package.

  • Out of the total amount, the government had already released ₹4934 crores to the states.

  • The scheme has been divided into 3 parts.

  • According to the first part, ₹200 crores have been allocated to the 7 North-Eastern states of India i.e. Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, Sikkim and Tripura. ₹450 crores have been allocated to Assam.

  • The second part of the scheme allocates ₹7500 crores for all the states that are not included in the first part.

  • The fourth part allocates ₹2000 crores for the states that have introduced at least three out of the four reforms specified by the finance ministry on May 17 about reform linked additional borrowing permissions.

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