ENA Sectors 2023-12-05 16:19:55 <p><span style="font-size:14px"><strong>New Delhi, Dec 5 (KNN)</strong> There is a probability that the central government will extend its Rs 1.3 trillion interest-free loan for 50 years to states for another financial year in the upcoming union budget, reported Mint.</span></p> <p><span style="font-size:14px">The interest-free loan for states is to boost capital expenditure and expedite policy reforms in the forthcoming budget right before the general election of 2024.</span></p> <p><span style="font-size:14px">With growing demand for the fund as 74 per cent of the total corpus for 2023-24 is already sanctioned in just seven months of the current fiscal year, two officials aware of the matter told Mint on Monday.</span></p> <p><span style="font-size:14px">The Scheme Special Assistance to States for Capital Investment 2023-24 ends on March 31 and may be extended for another financial year.</span></p> <p><span style="font-size:14px">From the total budgeted corpus of Rs 1.3 trillion in 2023-24, the union government has already sanctioned over Rs 96,200 crore to states under the scheme in the first seven months of FY24, one of the official said.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 35779 https://knnindia.co.in/news/newsdetails/sectors/centre-likely-to-extend-rs-13-trn-interest-free-loan-to-states-by-1-yr 2023-12-05 16:19:55 knnindia.co.in