Question
Recently Centre has sanctioned about Rs 39,000 crore, or
interest - free 50 - year Capex loans, to how many states for the current financial year?Solution
The Centre has sanctioned about Rs 39,000 crore, or about 50 % of the unconditional component of the interest - free 50 - year capex loans, to 16 states so far in the current financial year . The beneficiary states so far include Uttar Pradesh, Karnataka, Maharashtra, Bihar, Chattisgarh, Goa, Manipur, Nagaland, Sikkim and Himachal Pradesh, among others . Most of the approvals were for ongoing projects and clearing pending capex bills, as well as some new projects . Capital expenditure is the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc . It also includes the expenditure incurred on acquiring fixed assets like land and investment by the government that gives profits or dividend in future
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