₹11.11 trillion for the infrastructure sector. Finance minister Nirmala Sitharaman, in her budget speech last month, said the government will look at a market-based financing framework to address infra funding challenges.
The government also proposed to promote viability gap funding to encourage higher private participation and to optimise the working capital requirements. The Centre also proposed long-term interest-free loans for state infrastructure.
Proposals on plug-and-play industrial parks, corridors, and roads are aimed at boosting the country's infrastructure, improving connectivity and generating employment. Despite infrastructure being considered a vital component of the economy, India still lacks a uniform legal definition for the sector.
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