Context:
The Ministry of Finance has approved capital investment proposals of Rs. 56,415 crore in 16 States in the current financial year under ‘Special Assistance to States for Capital Investment 2023-24’ Scheme.
About the Scheme:
| Scheme Part | Objective |
| Part I | States have been allocated in proportion to their share of central taxes & duties as per the award of the 15th Finance Commission. |
| Part-II | Incentivizing scrapping of government vehicles by providing incentives to States. |
| Part-III | Encouraging reforms in urban planning. |
| Part-IV | Promoting reforms in urban finance. |
| Part-V | Increasing housing stock for police personnel in urban areas. |
| Part-VI | Promoting national integration and the “Make in India” concept through the construction of Unity Malls in each State. |
| Part-VII | Providing financial assistance for the establishment of libraries with digital infrastructure at the Panchayat and Ward levels. |
News Source: pib
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June 27, 2023