Centre clears Rs 56,415 crore to 16 states for capital investment

The ministry of finance in India has approved capital investment proposals of Rs 56,415 crore for 16 states in the current financial year under the ‘Special Assistance to States for Capital Investment 2023-24’ scheme. This 50-year interest-free loan is aimed at boosting capital spending by states in diverse sectors, including health, education, irrigation, water supply, power, roads, bridges, and railways.

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