Budget 2023: Fifty-year interest-free loans to States extended for another year ...Middle East

Opinion by : (Devdiscourse) -
Finance minister Nirmala Sitharaman, in her Budget for 2023-24 on Wednesday, announced that the government proposes to continue 50-year interest-free loans to state governments for one more year. "I have decided to continue the 50-year interest-free loan to state governments for one more year to spur investment in infrastructure and to incentivize them for complementary policy actions, with a significantly enhanced outlay of Rs 1.3 lakh crore," Sitharaman said.

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