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Home / Business / Infra Development Fm Announces Rs 1 5 Lakh Cr Outlay For Interest Free Loans To States

Infra development: FM announces Rs 1.5 lakh cr outlay for interest-free loans to states

An outlay of Rs 500 crore for setting up a centre of excellence in artificial intelligence for education.
PTI
New Delhi, Updated At : 11:51 AM Feb 01, 2025 IST
Finance Minister Nirmala Sitharaman. Tribune photo: Manas Ranjan

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Finance Minister Nirmala Sitharaman on Saturday said Rs 1.5 lakh crore will be provided towards 50-year interest free loans to states, for infrastructure development.

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Also, an asset monetisation plan will be launched for 2025-30 period to infuse Rs 10 lakh crore capital in new projects.

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Presenting the Budget for 2025-26, she also announced an outlay of Rs 500 crore for setting up a centre of excellence in artificial intelligence for education.

Further, the Budget outlay for Jal Jeevan Mission is being enhanced to achieve 100 per cent coverage, she added.

Sitharaman also said that urban sector reforms relating to governance, urban land and planning will be incentivised.

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