Author: faustobaskin77
Centre’s new incentive scheme for States to achieve their targets and become eligible for incremental borrowing
The Government has recently announced a new incentive scheme for States that could achieve their targets and become eligible for incremental borrowing. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today.
Giving more details, the Minister stated that out of the net borrowing ceiling (NBC) of 4% of GSDP for the States for 2021- 22, 0.50 percent of GSDP was earmarked for incremental capital expenditure to be incurred by the States during 2021-22. The target for incremental capital expenditure for each ... Read more