26-December-2024
Economy News
 
Centre accelerates capex loan releases to states
02-Dec-2024

Facing the prospect of missing its target for capex loans to states due to delays in launching the programme, the Centre has fast-tracked disbursements under the Rs 1.5 lakh crore, 50-year interest-free capex loan scheme to stimulate economic activity and job creation. A senior official told FE that, so far in FY25, the Centre has sanctioned Rs 85,000 crore in loans for various projects, of which Rs 60,000 crore have been released. This marks an increase of Rs 20,000 crore from the Rs 40,000 crore disbursed by October this year.

News Source:- https://www.financialexpress.com/business/industry/centre-accelerates-capex-loan-releases-to-states/3681424/