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Mahesh

25/09/22 09:28 AM IST

Centre Launches Scheme For Special Assistance To States For Capital Investment For 2022-23

In News 
  • The Government of India has launched a Scheme Special Assistance to States for Capital Investment for 2022-23.
Status of State Finances 
  • States like Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, etc. had the highest debt burden in 2020-21.
  • Revenue expenditure of these states constitutes 80-90% of the total expenses and therefore they have poor capital spending.
  • Andhra Pradesh, Bihar, Rajasthan and Punjab exceeded both debt and fiscal deficit targets for 2020-21 set by the 15th Finance Commission.
  • Capital investment is the money spent on acquiring assets while revenue expenditure indicates daily operations expenses like salaries and pensions.
  • Under this Scheme, financial assistance is provided to the States Governments in the form of 50-year interest free loan for capital investment projects.
Source- PIB 

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