CURRENT AFFAIRS

Detailed explanation-1: -An amount of Rs. 1 lakh crore has been allocated for the Scheme. Under the Scheme, financial assistance will be provided to the State Governments in the form of 50-year interest free loan for capital investment projects.

Detailed explanation-2: -The Government grants a subsidy ranging between 50% and 90% of the transport cost is provided for the transportation of raw material and finished goods to and from the area of the industrial unit and the designated rail‐head. The subsidy provided for the movement of goods within NER, the subsidy is 50%.

Detailed explanation-3: -The Government of India launched a redesigned and expanded Scheme for the year 2022-23 named as ‘Special Assistance to States for Capital Investment 2022-23’. The Scheme guidelines have been issued vide letters No. 44(1)/PF-S/2022-23 (CAPEX) dated 06.04. 2022 and 06.07.

Detailed explanation-4: -In the 2022-23 Budget, the government introduced the ‘Special Assistance to States for Capital Investment’ scheme with an outlay of ₹1.05 lakh crore. Under the scheme, financial assistance is being provided to state governments in the form of 50-year interest free loan for capital projects.

Detailed explanation-5: -Accordingly, under the National Project on Organic Farming a Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological inputs was introduced in 2004-05.