Finance Ministry grants Rs 1,004 crore additional financial assistance to Andhra, MP
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The two states have completed the One Nation, One Ration Card Reforms, Ease of Doing Business Reforms, and Urban Local Bodies Reforms, Ministry of Finance said in a statement on Wednesday.
Agencies
The other part of the scheme is for all other states not included in Part-I, it said, adding that an amount of Rs 7,500 crore is earmarked for this part.
The finance ministry has provided additional financial assistance worth Rs 1,004 crore to Andhra Pradesh and Madhya Pradesh for capital expenditure after they completed three of the four citizen-centric reforms.
FinMin extends deadline to implement reform-linked benefits till Feb 15
States to get additional borrowing permission on completion of reforms; they will also get additional financial assistance for capital expenditure
BusinessToday.In | December 20, 2020 | Updated 15:39 IST
Union finance minister Nirmala Sitharaman
The finance ministry has extended the deadline for states to complete citizen-centric reforms in various sectors to February 15 from December 31 earlier. Now the states will be eligible for reform linked benefits if the finance ministry receives a recommendation from the nodal ministry concerned about the implementation of the reform by February 15, 2021.
The Centre has identified four critical areas for reforms by the states, including one nation one ration card system, ease of doing business reform, urban local body/utility reforms and power sector reforms.