{"id":126067,"date":"2022-11-28T14:50:45","date_gmt":"2022-11-28T09:20:45","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=126067"},"modified":"2022-11-28T14:50:46","modified_gmt":"2022-11-28T09:20:46","slug":"upsc-daily-important-topic-28-november-2022","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/upsc-daily-important-topic-28-november-2022\/","title":{"rendered":"Scheme Special Assistance to States for Capital Investment: UPSC Daily Important Topic | 28 November 2022"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Scheme Special Assistance to States for Capital Investment<\/h3>\n\n\n\n<p>\u2713Under this Scheme, financial assistance is provided to the States Governments in the form of 50-year interest free loan for capital investment projects.<\/p>\n\n\n\n<p>\u2713For the 2022-23 Financial Year (FY) a total financial assistance of Rs 1 lakh crore would be given to states.<\/p>\n\n\n\n<p>\u2713The loan under the scheme would be over and above the normal borrowing ceiling allowed to states for FY 2022-23 and should be spent in the same year.<\/p>\n\n\n\n<p><strong>\u2713Eligible Parts of the Scheme:<\/strong><\/p>\n\n\n\n<p>New or ongoing projects or for settling pending bills in ongoing capital projects.<\/p>\n\n\n\n<p>\u2713States may submit projects of higher value than the funds allocated, indicating their preference\/priority.<\/p>\n\n\n\n<p><strong>\u2713Different Parts of the Scheme:<\/strong><\/p>\n\n\n\n<p>For capital works ( Pm gati Shakti master plan will receive priority), PM Gati Shakti related expenditure, Pm gram sarak yojana Incentives for digitisation, Urban reforms, Disinvestment and monetisation.<\/p>\n\n\n\n<p>Exclusion: Projects with capital outlay of less than 5 crore (2 crore for North East) and repair and maintenance projects irrespective of capital outlay are not eligible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scheme Special Assistance to States for Capital Investment \u2713Under this Scheme, financial assistance is provided to the States Governments in the form of 50-year interest free loan for capital investment projects. \u2713For the 2022-23 Financial Year (FY) a total financial assistance of Rs 1 lakh crore would be given to states. \u2713The loan under the 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