Centre Launches Scheme for Special Assistance to States for Capital Investment for 2022-23

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New Delhi: The Government of India has launched a Scheme Special Assistance to States for Capital Investment for 2022-23.

Under this Scheme, financial assistance is provided to the States Governments in the form of 50-year interest free loan for capital investment projects.

Under Part V (Optical Fibre Cable) of the Scheme, an amount of Rs 3000 Crore is earmarked and will be available to States for capital projects on Optical Fibre Cable (OFC) network.

On the recommendation of Department of Telecommunications, Department of Expenditure has recently approved proposals of four States namely Uttarakhand, Jharkhand, Haryana and Karnataka with allocation as 50 Cr, 84 Cr, 65 Cr and 156 Cr respectively.

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