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HomeKey FinancingsSanctions/ Grants

Sanctions/ Grants

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Sanctions/ Grants

Funds allocated and sanctioned to Nagpur and Shirdi airport

April 2023

The Maharashtra government has allocated funds for various projects under the state budget 2023-24. Funds worth Rs 7.34 billion will be provided for the land acquisition process of the Aurangabad airport expansion project and Rs […]

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Sanctions/ Grants

MMRDA allocates funds for various road projects in Maharashtra under budget 2023-24

April 2023

The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated funds for various road projects in Maharashtra under the state budget 2023-24. These include the Versova-Virar Sea Link Project (Rs 200 million), Orange Gate-Marine Drive Underground […]

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Sanctions/ Grants

MoR sanctions funds for redevelopment of Thrissur railway station project

April 2023

The Ministry of Railways (MoR) has sanctioned funds worth Rs 3 billion for redevelopment of the Thrissur railway station project. The project involves integrated redevelopment of the Thrissur railway station in Kerala. It is expected […]

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Sanctions/ Grants

UP and MP allocate funds worth Rs 253.5 billion and Rs 73.32 billion for JJM

March 2023

In the state budgets for 2023-24, the Uttar Pradesh and Madhya Pradesh gov­ernments have allocated funds worth Rs 253.5 billion and Rs 73.32 billion, respectively, for the Jal Jeevan Mission (JJM) under the National Ru­­ral […]

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Sanctions/ Grants

Maharashtra allocates Rs 470 million for six sewage treatment plants

March 2023

The Maharashtra government has approved funds worth Rs 470 million for the construction of six sewage treatment plants (STPs) of different ca­pa­cities in Matheran. The initiative has been taken to prevent the release of wastewater […]

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Sanctions/ Grants

Odisha allocates Rs 132.15 billion for piped drinking water

March 2023

Under the State Budget 2023-24, the Odisha government has allocated funds worth Rs 132.15 billion for providing piped drinking water in rural areas in the state. In addition to this, the fund allocation includes Rs […]

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Sanctions/ Grants

BMC allocates Rs 100.16 billion for water supply and sewage disposal

February 2023

The Brihanmumbai Municipal Corporation (BMC) has allocated funds worth Rs 100.16 billion for water supply and sewage disposal, in its fiscal budget for 2023-24. In addition to this, the stormwater drain department has received an […]

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Sanctions/ Grants

NHSRCL receives Rs 195.92 billion budgetary allocation for Mumbai-Ahmedabad HS

February 2023

National High Speed Rail Corporation Limited has received an allocation of Rs 195.92 billion for the Mumbai-Ahmedabad High Speed Rail Corri­dor Project in Union budget 2023-24. It involves the development of the 508.17 km long […]

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Sanctions/ Grants

Centre to allocate Rs 126 billion to Gujarat for construction of roads, bridges and logistic parks

February 2023

The centre will allocate an additional Rs 126 billion to Gujarat for the construction of roads, bridges and logistics parks. This fund will inclu­de Rs 60 billion for the development of multimodal logistic parks in […]

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Sanctions/ Grants

World Bank approves funds for Shimla Municipal Corporation Supply Scheme

January 2023

The World Bank has sanctioned funds worth $200 million as financial assistance for the Shimla Municipal Corporation Supply Scheme. This amount will be disbursed in two parts – $40 million as a development policy loan […]

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Sanctions/ Grants

BMC receives a grant worth Rs 10 billion under AMRUT 2.0

January 2023

The Bhopal Municipal Corporation (BMC) has received a grant of Rs 10 billion from the central government under the AMRUT 2.0 scheme to tackle the sewage problems in the city. The municipal corporation plans to […]

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Sanctions/ Grants

Punjab sanctions Rs 605 million for solar power energy system

January 2023

The Punjab government has sanctioned Rs 605 million to install solar power energy systems for rural piped water supply schemes in the state, thus aiming to reduce electricity expenditure by Rs 80 million-Rs 90 million […]

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Sanctions/ Grants

MoRTH approves funds for three road projects in Chhattisgarh and Uttar Pradesh

December 2022

The Ministry of Road Transport and Highways has approved funds for three road projects in Chhattisgarh and Uttar Pradesh. These include the Kondagaon-NarayanpurKutul two laning road project (NH-130D) for which funds worth Rs 3,224 million […]

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Sanctions/ Grants

Odisha government sanctions funds for Khurda Road-Bolangir new line project

December 2022

The Odisha government has sanctioned funds to the tune of Rs 1.5 billion for the Khurda Road-Bolangir new line project. The project involves the construction of a 289 km long broad gauge railway line from […]

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Sanctions/ Grants

Central government sanctions around Rs 7 billion for power infra and smart metering projects in Goa

November 2022

The central government has approved Rs 2.42 billion for power infrastructure projects, including the replacement of old transformers and Rs 4.67 billion for smart prepaid metering projects. The infrastructure works in­clude replacement of older transformers […]

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Sanctions/ Grants

Ministry of Finance launches India Infrastructure Project Development Fund Scheme

November 2022

The Ministry of Finance has implemented the India Infrastructure Project Development Fund Scheme (IIPDF) to provide financial assistance for public-private partnership (PPP) projects. The scheme will aid in the development of quality PPP projects by […]

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Sanctions/ Grants

Centre sanctions Rs 510 billion capex loan to 18 states

November 2022

The central government has approved an amount of Rs 510.85 billion out of the Rs 1 trillion interest-free 50-year capex loans earmarked for 2022-23 to 18 states till September 2022. The beneficiary states are Bi­har, Chhattisgarh, […]

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Sanctions/ Grants

IITGNL allocates Rs 8.14 billion for MMLH-MMTH connectivity at Dadri, Uttar Pradesh

October 2022

Integrated Industrial Township Greater Noida Limited (IITGNL) has allocated funds worth Rs 8.14 billion for the construction of a 3.5 km long rail line to connect the multimodal logistics hub and the multimodal transport hub (MMTH) with the dedicated freight corridor (DFC) line at New Dadri railway station under the Delhi-Mumbai Industrial Corridor […]

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Sanctions/ Grants

Centre sanctions new rail-cum-road bridge project worth Rs 9.96 billion in Guwahati

October 2022

The central government sanctioned a project worth Rs 9.96 billion to construct the third railroad bridge over the Brahmaputra in Guwahati. This is yet another initiative taken by the government to increase connectivity in the Northeast and Assam, […]

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Sanctions/ Grants

MoR sanctions funds for land acquisition for Deoband-Roorkee new line project

October 2022

The Ministry of Railways has sanctioned funds worth Rs 283.1 milli­on for the acquisition of land in four villages of Haridwar district for the Deo­band (Muzaffarnagar)-Roorkee new line project. The project in­volves the construction of a 30 km long new broad gauge line connecting Deo­band (Muzaffarnagar) to Roorkee in […]

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