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The Business Guardian
|June 27, 2023
Bihar to receive highest assistance of Rs 9,640 crore
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The Union Finance Ministry has approved capital investment proposals of Rs 56,415 crore in 16 states in the current financial year 2023–24. Approval has been given under the ‘Special Assistance to States for Capital Investment 2023–24 scheme.
The projects include diverse sectors, including health, education, irrigation, water supply, power, roads, bridges, and Railways. Funds for meeting the state share of the Jal Jeevan Mission and Pradhan Mantri Gramme Sadak Yojana have also been provided to the states under this scheme to enhance the pace of the projects in these sectors. Here is the table detailing the statewise allocations:
In view of the higher multiplier effect of capital expenditure and in order to provide a boost to capital spending by States, the scheme ‘Special Assistance to States for Capital Investment 2023–24 was announced in the Union Budget 2023–24.
Dit verhaal komt uit de June 27, 2023-editie van The Business Guardian.
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