Delhi to get ₹600 cr. central grant for development: CM Gupta
The Delhi government will receive ₹600 crore in Central assistance by the end of July to accelerate key development projects, Chief Minister Rekha Gupta announced on Thursday after a meeting with Union Finance Minister Nirmala Sitharaman.
The financial aid under the Centre's Special Assistance to States/UTs for Capital Investment (SASCI) will be deployed to expedite various infrastructure and civic projects across the Capital, including traffic management, drainage systems, green energy initiatives, and waste management reforms.
A formal proposal for the allocation will soon be submitted to the Union Ministry of Finance, the Chief Minister's Office said in a statement.
Launched in 2020-21, the SASCI scheme offers 50-year, interest-free loans to States and Union Territories to fund capital investment projects.
Delhi's allocation under the scheme is expected to give major momentum to infrastructure projects already outlined in the government's recent budget.
'Cultural hub'
Noting that the scheme will be implemented with full dedication, Ms. Gupta said the government aims to transform Delhi into a world-class city. 'Delhi is not just the national capital, but also the cultural, administrative, and economic hub of India. Its governance and development model should set an example for others,' she said.
The Chief Minister emphasised that the meeting marked a milestone in Delhi's development trajectory and underscored the importance of cooperative federalism in delivering results to citizens. She said the people of the city are reaping the benefits of the growing collaboration between the Centre and the Delhi government.
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