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States to get Rs 12,000 crore interest-free 50-yr loan

Finance Minister Nirmala Sitharman on Monday announced a Rs 12,000 crore interest-free 50-year loan to states for spending on capital projects in a bid to boost the economy. Addressing a press conference, she said, out of the Rs 12,000 crore, Rs 1,600 crore will be given to north-eastern states and Rs 900 crore will be for Uttrakhand and Himachal Pradesh. She said Rs 7,500 crore will be for the remaining states. Rs 2,000 crore will be given to states that fulfill pre-stated reforms.

12 October 2020, 12:46 IST

Centre to give Rs 12,000 crore interest-free 50-year loan to states for capital projects

Centre to give Rs 12,000 crore interest-free 50-year loan to states for capital projects

States to get Rs 12,000 crore interest-free 50-yr loan

12 October 2020, 12:46 IST