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HomeKey FinancingsSanctions/ Grants

Sanctions/ Grants

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Sanctions/ Grants

Funds worth Rs 2.29 billion released by AAI for upgradation and expansion of Belagavi Airport

January 17, 2023

Airports Authority of India (AAI) has released Rs 2.29 billion for the upgradation and expansion of the Belagavi Airport in Karnataka. The project involves the expansion of the passenger terminal building, runway extension, apron expansion […]

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Sanctions/ Grants

MoR approves funds for FLS works of Outer Ring Rail project in Telangana

January 16, 2023

The Ministry of Railways (MoR) has approved funds worth Rs 139.5 million for final location survey (FLS) work of the Hyderabad outer ring rail (ORR) project. Currently 99 per cent of preparatory work related to […]

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Sanctions/ Grants

World Bank approves funds for Shimla Municipal Corporation Supply Scheme

January 8, 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 8, 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 8, 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 18, 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 18, 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 12, 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 12, 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 12, 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 7, 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 7, 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 7, 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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Sanctions/ Grants

MoRTH approves funds for construction of Jammu-Akhnoor road project

July 10, 2022

The Ministry of Road Transport and Highways approved funds worth Rs 13.37 billion for construction of the Jammu-Akhnoor Four Laning Road Project (NH-144A) on July 6, 2022. The project involves four-laning and upgradation of the […]

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Sanctions/ Grants

Goa Cabinet approves Rs 16 billion for power infrastructure upgradation

July 4, 2022

The state cabinet of Goa has granted approval for spending over Rs 16 bi­lli­on, including the central fund, to reduce power loss and improve Goa’s power infrastructure. Of this, the state government will spend over […]

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Sanctions/ Grants

UP government approved funds worth Rs 16.47 billion under AMRUT 2.0

July 4, 2022

The Urban Development Department of Uttar Pradesh approved funds worth Rs 16.47 billion for various projects under the Atal Mission for Re­juvenation and Urban Transformation 2.0 on June 20, 2022. The projects will involve upgrading […]

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Sanctions/ Grants

Gujarat government approved funds worth Rs 17.6 billion for laying pipelines

July 4, 2022

The Gujarat government has approved investments worth Rs 17.6 billion to lay pipelines in the state. It includes the construction of a 78 km pipeline from Kasara to Dantiwada under the SujalamSufalam Jal Yojana worth […]

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Sanctions/ Grants

UP allocates Rs 195 billion to JJM for 2022-23

June 5, 2022

The Uttar Pradesh government has allocated Rs 195 billion to the Jal Jeevan Mission (JJM) in its state budget for financial year 2022-23. This is around Rs 45 billion higher than the previous financial year’s […]

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Sanctions/ Grants

NABARD sanctioned Rs 32.45 billion for projects in Gujarat

June 5, 2022

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 32.45 billion for rural drinking water supply and irrigation projects in Gujarat for 2021-22, under the Rural Infrastructure Development Fund (RIDF). This is […]

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Sanctions/ Grants

Odisha government to spend Rs 18 billion to build 99 more power sub-stations

June 5, 2022

The Odisha government will spend around Rs 18 billion to set up 99 more 33/11 kV substations to improve the power distribution system in the state. The state government has recently established six high-power grid […]

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