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Centre Grants Loan of ₹529.5-cr for Landslides, Kerala Calls It 'Mockery'
Hindustan Times Bengaluru
|February 15, 2025
The Centre has sanctioned an interest-free loan of ₹529.50 crore to the Kerala government towards various landslide rehabilitation projects in Wayanad under the Scheme for Special Assistance to States for Capital Investment (SASCI), officials aware of the matter said on Friday.
KOCHI:
The financial assistance by the Centre in the form of a loan to be repaid in 50 years came months after the Kerala government requested a special financial package to meet the rehabilitation costs, which are estimated to be ₹2,262 crore. The Centre had earlier labelled the July 30 landslide in Wayanad as a "disaster of severe nature".
The letter from the Union ministry of finance, declaring the allocation of ₹529.5 crore under the scheme, stated that the funds are being provided for 16 projects to be implemented as part of rehabilitation measures in the areas of Mundakkai and Chooralmala, the most-affected settlements.
Denne historien er fra February 15, 2025-utgaven av Hindustan Times Bengaluru.
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