11 States meet the target for capital expenditure in Q1FY22; get permission to mobilise additional Rs 15,721 cr
As an incentive, these States have been granted permission by the Department of Expenditure to borrow an additional amount of Rs 15,721 cr. The additional open market borrowing permission granted is equivalent to 0.25 per cent of their Gross State Domestic Product (GSDP)
The target for incremental capital expenditure for each state to qualify for this incremental borrowing was fixed by the Department of Expenditure. Source: Pixabay