Submitted by admin on February 7th, 2024
The Ministry of Finance has released Rs 66, 745 crore as loans for 28 states under their Scheme for ‘Special Assistance to States for Capital Investment’.
Pankaj Chaudhary, the Minister of State for Finance, has said in a written reply to Lok Sabha that the scheme is designed to boost states’ capital expenditure.
Under the scheme, the state governments will receive special assistance in the form of a 50-yearinteret-free loan up to the amount of Rs 1.3 lakh core during the financial year 2023-24.
Under the Scheme for ‘Special Assistance to States for Investment’, an overall sum of Rs 66, 745,21crore has already been released to 28 states from April 1, 2023 to February 1, 2024, Chaudhary has informed.
Under the same scheme, Rs 81, 195.35 crore was released during 2022-23.
Capital investment projects have been approved in diverse sectors including education, health, water supply, irrigation, roads, power supply, railways and bridges.
Under the same scheme, funds to helps states meet their share of Pradhan Mantri Gram Sadak Yojana and Jal Jeevan Mission have also been released to accelerate the pace of projects in the afore-mentioned sectors.
Int Rates : 10.5% - 22%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure - 7 Years
Lowest EMI : ₹ 1,686
Interest Rate 13.99% - 24.99%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure – 5 Years
Lowest EMI : ₹ 2,326
Interest Rate 9% - 13%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure – 20 Years
Lowest EMI : ₹ 1,014
Interest Rate 8.40% - 12%
Loan Amount : ₹ 1,00,000.00
Maximum Tenure – 35 Years
Lowest EMI – ₹ 739
You have just purchased your first house, or are you regarding to signing the documents. Exciting, right? The keys, the new paint, the fantasies of decoration of every corner it all seems like a new chapter. But may I question you upon another p....
Read More
Imagine this, you have just discovered your dream house, the paperwork is completed and you are ready to move in. All appears to be okay. However, what will happen when someone comes up months later and proves that your property belongs to them ....
Read More
When the majority hear the word personal loan, they immediately imagine one and the same product, which is to borrow the money to handle an emergency or a large acquisition. However, the truth of the matter is that, banks and other financial ins....
Read More
Pioneering ease of access to Basic Banking & Financial Services in Rural India
