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HomeKey FinancingsSanctions/ Grants

Sanctions/ Grants

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Sanctions/ Grants

Centre allocates Rs 131.05 billion under Jal Jeevan Mission

March 31, 2022

The central government has tentatively allocated Rs 131.05 billi­on for 2022-23 under the Jal Jeevan Mission for six states. These states are Bihar (Rs 26.99 billion), Chhattisgarh (Rs 13.08 billion), Jharkhand (Rs 16.43 billion), Mizoram (Rs 2.01 billion), Odisha (Rs 20.36 billion) and West […]

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Sanctions/ Grants

Centre allocates Rs 60 billion for development of North Eastern region

March 31, 2022

The central government has allocated Rs 60 billion to achieve the target of Har Ghar Jal in eight north-eastern states by 2024. The mission ensur­es the installation of tap water connections in every household along […]

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Sanctions/ Grants

NHAI allocates Rs 14.17 billion for infrastructure development in Punjab

June 30, 2021

The National Highways Authority of India (NHAI) has planned infrastructure development works worth Rs 14.17 billion in Punjab for the current fiscal. The annual plan for the state will cover a 295 km network of […]

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Sanctions/ Grants

Finance ministry releases third installment of revenue deficit grant

June 30, 2021

The Ministry of Finance has released the third monthly instalment of its revenue deficit grant of Rs 98.71 billion to 17 states. With the release of this instalment, a total of Rs 296.13 billion has […]

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Sanctions/ Grants

Centre releases Rs 16.05 billion for the north-eastern states under the Jal Jeevan Mission

June 30, 2021

  The Government of India has released Rs 16.05 billion to eight north-eastern states for the implementation of the Jal Jeevan Mission (JJM) to supply tap water to rural homes in 2021-22. This is the […]

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Sanctions/ Grants

RBI to inject Rs 1.2 trillion under GSAP 2.0 in the September quarter

June 30, 2021

  The Reserve Bank of India (RBI) will purchase bonds worth Rs 1.2 trillion in the September quarter under its G-Sec Acquisition Programme (GSAP) 2.0 as part of its efforts to ensure ample liquidity in […]

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Sanctions/ Grants

International Finance Corporation to invest in GEF Capital’s India-focused clean energy fund

May 15, 2021

The World Bank’s International Finance Corporation (IFC) is committing an equity investment of up to $15 million in an India-focused clean energy fund managed by GEF Capital Partners. The investment will be capped at 20 […]

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Sanctions/ Grants

NITI Aayog and MoR accord sanction for mobilisation of funds for the Kerala semi-HSR corridor project

May 15, 2021

The NITI Aayog and the Ministry of Railways (MoR) have accorded sanction for mobilising funds from multilateral and bilateral agencies for the implementation of the Kerala semi-HSR corridor project (Silver Line). The project is being […]

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Sanctions/ Grants

The finance ministry released revenue deficit grant of Rs 98.71 billion

May 15, 2021

The Department of Expenditure, Ministry of Finance, has released the second monthly instalment of post-devolution revenue deficit grant of Rs 98.71 billion for the year 2021-22 to 17 states. With the release of the second […]

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Sanctions/ Grants

Uttar Pradesh government has allocated funds for various road projects under Budget 2021-22

March 13, 2021

The Uttar Pradesh government has allocated funds for various road projects under Budget 2021-22. Funds worth Rs 11.07 billion have been allocated for the Purvanchal expressway project, while Rs 14.92 billion has been allocated to […]

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Sanctions/ Grants

Odisha government allocates funds for various road projects under Budget 2021-22

March 13, 2021

The Odisha government has allocated funds for various road projects under the Budget 2021-22. Funds worth Rs 22.96 billion have been allocated for the road development programme, with a physical target for the completion of […]

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Sanctions/ Grants

PFC sanctions Rs 27.9 billion to JKPCLto clear outstanding dues

November 3, 2020

The Power Finance Corporation (PFC) has sanctioned Rs 27.9 billion to Jammu & Kashmir Power Corporation Limited (JKPCL) for clearing its outstanding dues. PFC and JKPCL signed and exchanged an agreement for the Liquidity Infusion […]

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Sanctions/ Grants

KIIFB releases funds worth Rs 3.2 billion for Kasaragod-Thiruvananthapuram road project

January 3, 2020

The Kerala Infrastructure Investment Fund Board (KIIFB) has released funds worth Rs 3.2 billion as the first instalment to the National Highways Authority of India (NHAI) for acquisition of land for the Kasaragod-Thiruvananthapuram highway project. […]

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Sanctions/ Grants

Uttar Pradesh government sanctions Rs 16.6 billion for two expressway projects

January 3, 2020

The Uttar Pradesh government has sanctioned funds worth Rs 2 billion and Rs 14.6 billion for the Bundelkhand six-lane expressway project and the Purvanchal expressway project, respectively, in its second supplementary budget announced on December […]

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Sanctions/ Grants

TN government sanctions funds worth Rs 11.47 billion to upgrade rural roads in the state

November 9, 2019

The Tamil Nadu government has sanctioned funds worth Rs 11.47 billion to upgrade rural roads in the state. The upgrade comes under the category of “other district roads” which include six-lane/intermediate lane stretches that connect […]

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Sanctions/ Grants

Tamil Nadu government seeks sanction of Rs 53.98 billion funds for water supply projects

June 8, 2019

The Tamil Nadu government has sought funds worth Rs 53.98 billion from the central government for the implementation of various water supply projects in Tamil Nadu. The proposed projects include the development of a 100 […]

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Sanctions/ Grants

Gujarat government approves Rs 5.96 billion grant to municipalities for infrastructure works

March 8, 2019

The Gujarat government has approved a grant of Rs 5.96 billion to 18 municipalities and six municipal corporations for various infrastructure and development works. The state administration has approved Rs 1.53 billion for water supply […]

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Sanctions/ Grants

Karnataka government allocates Rs 100 billion for SHDP under state budget 2019-20

February 4, 2019

The Karnataka government has allocated Rs 100 billion for development of 7,940 km of roads under the State Highway Development Project as part of the state budget 2019-20. Further, works for improvement and upgradation of […]

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Sanctions/ Grants

MoRTH releases Rs 1.93 billion for two sections of India-Myanmar-Thailand trilateral highway

January 2, 2019

The Ministry of Road Transport and Highways (MoRTH) has released Rs 1.93 billion for two sections of the India-Myanmar-Thailand trilateral highway. For the 120.74 km Kalewa-Yagyi road section, it has released Rs 1.88 billion of […]

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Sanctions/ Grants

Central government sanctions Rs 68.04 billion for road and bridge projects in Bihar

January 2, 2019

The central government has sanctioned Rs 68.04 billion for road and bridge projects in Bihar. These include the four-lane bridge parallel to the Vikramshila Setu connecting Naugachia with Bhagalpur, and upgradation of seven roads spanning […]

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