Budget 2024: Government Announces ₹1.5 lakh Crore Interest-Free Loans For Infrastructure Development In States

Finance Minister Nirmala Sitharaman has announced an interest-free loan of ₹1.5 lakh crore for infrastructure development in states.

[{"selector":"#anim-4a04797d-4e6f-4568-9105-096932ef5fa3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-caa632b0-69e3-41db-b0fe-0adceba24163","keyframes":{"transform":["translate3d(0px, 181.97359%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e5126f6-cae8-47f2-b588-1c06ab31eb59 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(24.950473808115433%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The initiative is envisioned to open up a clutch of projects which will spearhead development, from road connectivity to industrial development.

[{"selector":"#anim-20989e3b-35da-4abd-9324-aa6a418a01d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-981ccc56-2d49-4c7d-9d6d-0c7b2146f440","keyframes":{"transform":["translate3d(0px, 152.17677%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-384a965a-6530-4d35-ac76-c02887a00927 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This means smoother, faster travel and, quite probably, fewer potholes to dodge every day while commuting to work.

[{"selector":"#anim-1ff979d4-9faf-458e-9319-3af7550360b6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-fea53e73-b773-4c5c-86bf-306eb67b5742","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9b06c906-e5e7-44e7-9606-30bcf53e9233","keyframes":{"transform":["translate3d(0px, 230.28517%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Under it, rural road connectivity would get a boost, as villagers could reach markets, schools, and healthcare facilities with much ease.

[{"selector":"#anim-9c54d3d8-f4e4-463a-aea2-ddecb3aa366b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-013b95fc-80e5-43f9-96fd-8989815bb3ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb01db7d-3eed-4864-9b4d-2f4220ec6430","keyframes":{"transform":["translate3d(0px, 152.17677%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This indeed is an initiative taken toward bridging the urban-rural divide so that development reaches all corners of this country.

[{"selector":"#anim-3bef004f-73f3-4d00-807c-e9db36482900 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-dbadd04a-b093-4f32-90c5-81445f9e195e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08e93aff-d136-4e6f-935c-0613137eaf80","keyframes":{"transform":["translate3d(0px, 181.97359%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This indeed is an initiative taken toward bridging the urban-rural divide so that development reaches all corners of this country.

[{"selector":"#anim-db12d61c-d07d-4b53-90e5-6a33ad455c2d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.5625000209475033%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-297d5974-58ae-4238-a3e3-9b8cfed2b744","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e561829-08fe-4f47-b12c-788e578f6aee","keyframes":{"transform":["translate3d(0px, 181.97359%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]