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Finance Ministry Allocates Rs 660 Crore Extra Funds to MP for Citizen-centric Reforms

A file photo of the ministry of finance, New Delhi.

A file picture of the ministry of finance, New Delhi.

The ministry has allotted this extra funds to the state for capital expenditure for endeavor the ‘One Nation, One Ration Card’ reforms, Ease of Doing Enterprise reforms, and concrete native our bodies reforms.

  • PTI New Delhi
  • Final Up to date: January 24, 2021, 15:58 IST
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The finance ministry on Sunday stated it has allotted an extra Rs 660 crore to Madhya Pradesh for capital expenditure to undertake citizen-centric reforms. “A listing of capital initiatives with an estimated price of Rs 660 crore was authorised by the Division of Expenditure. Fifty per cent of the authorised quantity (i.e. Rs 330 crore) has additionally been launched to the state (Madhya Pradesh) as first instalment for the authorised initiatives,” it stated in a press release.

The ministry hasallocated this extra funds to the state for capital expenditure for endeavor the ‘One Nation, One Ration Card’ reforms, Ease of Doing Enterprise reforms, and concrete native our bodies reforms. The state has additionally accomplished a part of the fourth reform the ability sector reforms. The ‘Particular Help to States for capital expenditure’ scheme was introduced by the Centre in October final yearas a part of Aatmanirbhar Bharat package deal. The scheme is geared toward boosting capital expenditure of the state governments which can be going through tough monetary surroundings as a consequence of a shortfall in tax income arising from the COVID 19 pandemic.

“To this point, capital expenditure proposals of Rs 10,657 crore of 27 states have been authorised by the Ministry of Finance. An quantity of Rs 5,328 crore has already been launched to the states as the primary instalment underneath the scheme. “State-wise allocation, approval granted and funds launched is connected. Tamil Nadu has not availed the good thing about the scheme,” it added.

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