From The Economic Times · Anuradha Shukla · · 50s
States urged to speed up capex loans
States must use ₹2 lakh crore interest-free loans faster to avoid economic slowdown.
In brief
States must use ₹2 lakh crore interest-free loans faster to avoid economic slowdown. States are urged to speed up utilization of ₹2 lakh crore interest-free capex loans to prevent delays in infrastructure spending. Originally reported by The Economic Times.
States asked to speed up capex loans
The Department of Expenditure urged states to quicken utilization of ₹2 lakh crore interest-free capex loans.
Only 26% of funds used
As of October 1, the Centre has released ₹51,000 crore under SASCI, but actual utilisation remains below budgeted levels.
Slow spending concerns
Delays in deploying funds could hold back state-level capital expenditure, a key component of government public investment strategy.
States to absorb full allocation
Officials stated the Centre is confident states will absorb the full ₹2 lakh crore allocation by the second half of the fiscal year.
In short
States are urged to speed up utilization of ₹2 lakh crore interest-free capex loans to prevent delays in infrastructure spending.
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