Particle.news

Download on the App Store

Delhi Wins ₹600 Crore SASCI Commitment From Finance Ministry

A formal proposal is due by July 31 to access the interest-free funds for capital projects across urban infrastructure

Image

Overview

  • Chief Minister Rekha Gupta secured approval for ₹600 crore under the Special Assistance to States/UTs for Capital Investment scheme in a July 17 meeting with Finance Minister Nirmala Sitharaman.
  • The funds are structured as interest-free loans repayable over 50 years to support post-pandemic capital expenditure.
  • The finance ministry has committed to releasing the ₹600 crore by the end of July once the proposal is approved.
  • Delhi plans to direct the allocation toward traffic management, urban drainage improvement, green energy installations and waste management upgrades.
  • Aligned state and central administrations have hailed the deal as a demonstration of cooperative federalism and streamlined funding since the BJP’s February victory.