Adani Enterp. 1911.25↑72.25(3.93%)
Adani Ports 679.75↑10.10(1.51%)
Apollo Hospitals 4553.20↑37.75(0.84%)
Asian Paints 2982.85↑53.15(1.81%)
Axis Bank 865.95↑6.10(0.71%)
B P C L 368.35↑7.55(2.09%)
Bajaj Auto 4457.70↑9.85(0.22%)
Bajaj Finance 6390.25↑210.00(3.40%)
Bajaj Finserv 1374.45↑27.45(2.04%)
Bharti Airtel 789.10↑9.80(1.26%)
Britannia Inds. 4587.05↑59.95(1.32%)
Cipla 933.50↑12.85(1.40%)
Coal India 237.45↑0.55(0.23%)
Divi's Lab. 3282.55↑13.80(0.42%)
Dr Reddy's Labs 4968.00↑15.75(0.32%)
Eicher Motors 3339.30↓-9.05(-0.27%)
Grasim Inds 1759.85↑23.95(1.38%)
H D F C 2862.05↑74.30(2.67%)
HCL Technologies 1066.80↑7.85(0.74%)
HDFC Bank 1727.80↑34.65(2.05%)
HDFC Life Insur. 546.50↑7.80(1.45%)
Hero Motocorp 2514.50↑11.85(0.47%)
Hind. Unilever 2506.75↑20.75(0.83%)
Hindalco Inds. 445.50↑3.20(0.72%)
ICICI Bank 921.70↓-1.15(-0.12%)
IndusInd Bank 1134.60↓-11.55(-1.01%)
Infosys 1273.55↑4.40(0.35%)
ITC 424.60↓-2.55(-0.60%)
JSW Steel 738.70↑6.25(0.85%)
Kotak Mah. Bank 1947.60↑16.65(0.86%)
Larsen & Toubro 2356.90↑0.60(0.03%)
M & M 1231.70↓-3.75(-0.30%)
Maruti Suzuki 8800.60↑3.30(0.04%)
Nestle India 21693.75↓-181.95(-0.83%)
NTPC 176.35↓0.00(0.00%)
O N G C 161.00↓-0.15(-0.09%)
Power Grid Corpn 238.85↓-0.85(-0.35%)
Reliance Industr 2448.00↑27.90(1.15%)
SBI Life Insuran 1167.45↑30.55(2.69%)
St Bk of India 580.00↑9.50(1.67%)
Sun Pharma.Inds. 974.00↑10.40(1.08%)
Tata Consumer 775.50↓-5.90(-0.76%)
Tata Motors 480.80↓-2.90(-0.60%)
Tata Steel 111.05↑1.35(1.23%)
TCS 3220.70↑40.80(1.28%)
Tech Mahindra 1045.45↑5.85(0.56%)
Titan Company 2670.40↑16.35(0.62%)
UltraTech Cem. 7502.25↓-4.95(-0.07%)
UPL 731.50↓-8.30(-1.12%)
Wipro 383.70↓-1.40(-0.36%)

States used Rs 82K cr of Rs 1 trillion capex support allotted in FY23

The Centre has provided 50-year, interest-free loans to states to augment their capital expenditure requirements in the past three Budgets

Premium

The Rs 80,000 crore chunk was to be distributed to states based on a formula similar to the one followed for the divisible tax pool under the recommendations of the 15th Finance Commission

3 min read Last Updated : May 04 2023 | 8:23 PM IST

Listen to This Article

Of the Rs 1 trillion that the Centre provided in long-term loans to states for capital expenditure in the previous fiscal year (2022-23), the latter have availed of Rs 82,000 crore, leaving Rs 18,000 crore unutilised, Business Standard has learnt.

Officials say many states don’t have as much capacity to implement capital intensive, long-gestation projects as the Centre does. Among the larger states, West Bengal has been the biggest laggard, while Uttar Pradesh could not utilise the entire amount it was entitled to, along with some states in the Northeast.

“In our Revised Estimates for FY23, we had estimated that Rs 78,000 crore would be disbursed out of Rs 1 trillion. As of March 31 (end of FY23), Rs 82,000 crore had been taken by states,” a senior government official said.