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Atmanirbhar: Finance ministry OKs Rs 9,800cr for 27 states
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This story is from December 13, 2020
Atmanirbhar: Finance ministry OKs Rs 9,800cr for 27 states
TNN / Dec 13, 2020, 05:19 IST
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NEW DELHI: The finance ministry on Saturday said it had approved Rs 9,879 crore for capital expenditure for 27 states under the Atmanirbhar Bharat package.
All states except Tamil Nadu have availed benefits of the newly announced scheme for “special assistance to states for capital expenditure”. The scheme is aimed at boosting capital expenditure by state governments who are facing a difficult financial environment this year due to the shortfall in tax revenue. Capital expenditure has a higher multiplier effect, enhancing the future productive capacity of the economy, and results in a higher rate of economic growth. “Despite the adverse financial position of the Centre, it was decided to extend a special assistance to the state govern