THE BALANCE OF ₹55,000 crore is untied advances to states for projects identified by the states.
According to the latest amendment to the norms, the states which have faced natural disasters of severe nature in 2024-25, as confirmed by the home ministry panel, will be provided additional allocation of up to 50% of the amount already allocated under the untied category. This amount would have to be used by the affected states for reconstruction of infrastructure preferably in disaster-affected districts and for projects to mitigate future disasters.
This story is from the January 03, 2025 edition of Financial Express Pune.
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This story is from the January 03, 2025 edition of Financial Express Pune.
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