New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year.
She also said the enhanced capex of Rs 10 lakh crore for infrastructure development is at 3.3 per cent of the GDP.
Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment.
An expert committee will also be set up to make infrastructure classification and financing framework suitable for Amrit Kaal, she added.
On October 13 last year, Prime Minister Narendra Modi had launched the Gati Shakti – National Master Plan, aimed at developing integrated infrastructure to reduce logistics costs.
Help sustain honest journalism.
All logistics and connectivity infrastructure projects, entailing investment of over Rs 500 crore, are routed through the NPG, constituted under the PM Gati Shakti initiative.
She also informed that the PM Particularly Vulnerable Tribal Groups (PVTGs) scheme would benefit 3.5 lakh tribals.
Also Read | Assam all set to host first series of G20 events
- Manipur: Fake liquor manufacturing unit busted in Thoubal
- Nagaland to allow sale of liquor to foreign delegates during G20 meet
- US-born Mongolian boy named 3rd highest Buddhist leader by Dalai Lama
- Galactic parade: 5 planets to line up on March 28, India to get stunning view
- No new industrial policy for Northeast yet
- Mizoram police warns amid sharp increase in online fraud