The central government has disbursed ₹50,571 crore to states under the Special Assistance to States for Capital Investment scheme. This significant financial support aims to boost capital investment, stimulate economic growth, and enhance infrastructure development across the nation.
The funds are allocated to assist states in undertaking critical projects, including infrastructure development in roads, health, education, and urban infrastructure. This initiative is part of the Centre’s broader strategy to encourage states to focus on asset creation and sustainable development, ensuring the benefits reach every section of society.
Finance Ministry officials have emphasized that the scheme aims to provide much-needed fiscal space to states while fostering a collaborative approach to achieving national growth targets. The special assistance, which is in addition to the states’ borrowing limits, reflects the Centre’s commitment to enabling balanced regional development.
States are expected to utilize the funds responsibly, prioritizing projects that align with national priorities such as clean energy, water conservation, and urban transformation. With this timely financial boost, the government aims to accelerate India’s journey towards becoming a $5 trillion economy.