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States can borrow more for reforms in power sector
June 29, 2023
|Mint Mumbai
The finance ministry on Wednesday said it has earmarked ₹1.43 trillion to states for additional borrowings in FY24 to undertake power sector reforms.
NEW DELHI: “This move aims to encourage and support the states in undertaking reforms to enhance the efficiency and performance of the power sector," it added.
As distinct from the allocation mentioned above, the government has approved an amount of ₹66,413 crore for 12 states as additional borrowings to fund power sector reforms undertaken during FY22 and FY23, the department of expenditure said. The additional financing window is dependent on the implementation of specific power sector reforms by states.
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