Union Budget 2025: FM Nirmala Sitharaman Announces ₹1.5 Lakh Crore Outlay For Interest-Free Loans To States

Union Budget 2025: FM Nirmala Sitharaman Announces ₹1.5 Lakh Crore Outlay For Interest-Free Loans To States

Presenting the Budget for 2025-26, she also announced an outlay of Rs 500 crore for setting up a centre of excellence in artificial intelligence for education.

PTIUpdated: Saturday, February 01, 2025, 12:26 PM IST
article-image
Finance Minister Nirmala Sitharaman | X @livemint

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said Rs 1.5 lakh crore will be provided towards 50-year interest free loans to states, for infrastructure development.

Also, an asset monetisation plan will be launched for 2025-30 period to infuse Rs 10 lakh crore capital in new projects.

Presenting the Budget for 2025-26, she also announced an outlay of Rs 500 crore for setting up a centre of excellence in artificial intelligence for education.

Further, the Budget outlay for Jal Jeevan Mission is being enhanced to achieve 100 per cent coverage, she added.

Sitharaman also said that urban sector reforms relating to governance, urban land and planning will be incentivised.

Disclaimer: This is a syndicated feed. The article is not edited by the FPJ editorial team.

RECENT STORIES

From Compact To Capacious, A Look At Who’s Buying What In MMR’s Residential Market

From Compact To Capacious, A Look At Who’s Buying What In MMR’s Residential Market

Fourth NAREDCO Mahi Convention Held

Fourth NAREDCO Mahi Convention Held

Should You Buy A Home? Analysing The Rental Versus EMI Proposition In Indian Cities

Should You Buy A Home? Analysing The Rental Versus EMI Proposition In Indian Cities

Vastu Approved: How You Can Benefit By Using Eco-friendly Construction Materials

Vastu Approved: How You Can Benefit By Using Eco-friendly Construction Materials

IIA 310th Executive Meet Charts MSME Roadmap For 2025–26, Focus On Ease Of Doing Business And AI...

IIA 310th Executive Meet Charts MSME Roadmap For 2025–26, Focus On Ease Of Doing Business And AI...