2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 12, 340 crores
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Rs 11, 830 crores
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Rs 10, 470 crores
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Rs 12, 720 crores
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Detailed explanation-1: -In her 2022 Union Budget speech, Finance Minister Nirmala Sitharaman said that the Scheme for Financial Assistance to States for Capital Investment was extremely well received by states, and the allocation was increased to Rs 15, 000 crore, from Rs 10, 000 crore initially planned for FY22.
Detailed explanation-2: -About: Under this Scheme, financial assistance is provided to the States Governments in the form of 50-year interest free loan for capital investment projects. For the 2022-23 Financial Year (FY) a total financial assistance of Rs 1 lakh crore would be given to states.
Detailed explanation-3: -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-4: -The Scheme has been named as “Special Assistance to States for Capital Investment 2022-23”. 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.