Out of Rs 1.5 lk crore, govt approves Rs 46k crore as capex loans to states
capex loans to states so far out of the total ₹1.5 lakh crore allocated for FY25.
«So far, ₹46,000 crore has been approved for sanction under the capex loan to states, out of which ₹25,000 crore has been released,» a senior government official told ET. Of the ₹95,000 crore conditional loan, ₹25,000 crore is linked to the capex performance of states. States will get half of the corresponding share only after reporting capex growth of 10% or more in FY24, and the remaining 50% after achieving a 10% growth in capex this fiscal.
«This will provide an incentive for states to increase their capex,» the official said.
The Centre had allocated ₹1.30 lakh crore in FY24 as loans to states towards capex. The amount was later pared by 19% to ₹1.05 lakh crore as Andhra Pradesh, Kerala and Punjab did not get the loans having failed to meet the eligibility requirements. This year, ₹15,000 crore is allocated for industrial growth and livelihood-friendly cities, which will be given on first-cum-first-serve basis to states.
Another ₹15,000 crore is linked to completion of major urban and rural infrastructure projects such as railways, metro rail, highway and power projects, ₹5,000 crore to urban land reforms and ₹5,000 crore to rural land reforms.
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