States given capital expenditure targets tied to interest-free loans

If target missed, part of loans to be deducted in 2024-25

Arup Roychoudhury | New Delhi
Last Updated at March 15, 2023 23:10 IST

The targets have been arrived at based on states’ capex in 2021-22 and assuming a normative growth rate of 10 per cent for 2022-23 (FY23) and FY24, the Centre said in its guidelines to states, sent in February

For the first time ever, the Centre has tied part of the Rs 1.3-trillion capital expenditure (capex) support to states with their capex targets. These capex targets, for the approaching financial year (2023-24, or FY24), have been set by the Centre itself.

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