Madhya Pradesh Government approves Rs 2,195 crores for infrastructure schemes
Posted on:05 Oct 2017 11:42:26
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05 October 2017 Current Affairs: The cabinet meeting held under the Chairmanship of the Madhya Pradesh Chief Minister Shivraj Singh Chouhan gave its approval for continuation of infrastructure related schemes being implemented by the Directorate of Industry and Employment from 2017-18.
In order to undertake works for 2017-18, 2018-19 and 2019-20, integrating all the schemes, the state government has given its approval in the form of a grant for Rs. 699 crore 20 lakh, Rs. 895 crore 70 lakh and Rs. 600 crore 50 lakh respectively, total Rs. 2195 crore towards infrastructure works.
The approval 40 percent grant of the project cost from the government, a loan from the financial institutions under the 50 percent government guarantee and to ensure 10 percent share of implementation agency for the establishment of new industrial areas and development of industrial areas under state-level corridor.
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