Finance Minister Sitharaman announces Rs12,000 crore interest-free 50-year loan to states, India News News

Finance Minister Sitharaman on Monday announced Rupees 12,000 crore interest-free 50-year loan to states for spending on capital projects. The initiative will bolster the pandemic-hit Indian economy by creating a consumer demand of about 280 billion rupees ($3.83 billion). Sitharaman said during a press conference, “The COVID-19 pandemic has adversely affected the economy. […]