FM to meet state chief secretaries to push capex, flagship schemes

Finance minister Nirmala Sitharaman will meet state chief secretaries this week to push state capital expenditure and to have better synergy in implementation of flagship schemes.

Sitharaman will also review performance of credit and other welfare schemes for scheduled castes in public sector banks on Tuesday, the finance ministry said in a statement on Monday. Credit given to persons belonging to the SC scheduled caste community as well as under various loan schemes such as Stand up India and PM Mudra Yojana will be reviewed at the meeting, the ministry said.

A series of interactions are scheduled to be held with state chief secretaries from September 30 onwards to discuss implementation of projects under National Infrastructure Pipeline and PM Gati Shakti.

“The FM will discuss the progress on capex, and the progress on the national infrastructure Pipeline and PM Gati Shakti,” a government official told ET.

In the Union Budget 2022-23, Sitharaman announced an interest-free loan of ₹1 lakh crore to the states to enable them to accelerate capital expenditure.- Our Bureau

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