Could FM Sitharaman's Meeting with Delhi CM Boost City Infrastructure with Rs 600 Crore Loan?
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Synopsis
Delhi's infrastructure could see a significant boost with a potential Rs 600 crore loan from the SASCI scheme, as discussed in a meeting between CM Rekha Gupta and FM Nirmala Sitharaman. This funding aims to enhance development projects in the city, showcasing a vital partnership between the central and state governments.
Key Takeaways
- Delhi CM Rekha Gupta met with Union Finance Minister to discuss Rs 600 crore funding.
- Funds will be used for infrastructure and green projects.
- The SASCI scheme promotes cooperative federalism.
- Meeting highlighted the importance of central-state collaboration.
- Funds are aimed at enhancing traffic management, waste management, and green energy.
New Delhi, July 17 (NationPress) Delhi Chief Minister Rekha Gupta convened with Union Finance Minister Nirmala Sitharaman on Thursday, where the Minister hinted that the city government may secure Rs 600 crore under the Special Assistance to States/UTs for Capital Investment (SASCI) scheme for infrastructure and environmental projects.
The SASCI initiative was introduced in the 2020-21 fiscal year by the Central government to stimulate economic recovery in the aftermath of the Covid-19 pandemic.
CM Gupta informed that a formal proposal for this funding will be submitted to the Ministry of Finance, with expectations of receiving the Rs 600 crore by the month's end.
The allocated funds are set to expedite developmental initiatives throughout the city, focusing on areas such as traffic management, drainage systems, green energy, and waste management.
During their discussion, CM Gupta provided the Union Minister with insights into Delhi’s progress, ongoing projects, and future needs.
She underscored the significant improvements occurring in the capital with the assistance of the Central government.
Post-meeting, the CM expressed that FM Sitharaman pledged ongoing support from the Central government for Delhi’s advancement.
“Delhi serves not only as the national capital but also as the cultural, administrative, and economic nexus of India. Its strategic development and efficient governance should be a benchmark for others,” the CM stated.
She continued to emphasize that the Delhi government is committed to ensuring residents have access to the essential services they deserve as citizens of the national capital.
The CM also noted that the Union Finance Minister elaborated on the SASCI scheme.
She expressed gratitude towards FM Sitharaman for her optimistic and collaborative demeanor.
CM Gupta affirmed that the populace of Delhi is witnessing tangible benefits stemming from the synergy between Central and state administrations.
She assured that the SASCI scheme will be executed efficiently, with a focus on transforming Delhi into a world-class capital.
Senior officials from both the Finance Ministry and the Delhi government participated in the meeting.
Moreover, the CM highlighted that this gathering was not only pivotal for hastening Delhi’s development but also exemplified cooperative federalism in practice.
The SASCI scheme aims to provide interest-free loans for a duration of 50 years to States and Union Territories to support capital expenditures.
This initiative fosters infrastructure development, job creation, and sustainable growth. It empowers states to actively contribute to the nation’s overall progress by equipping them with financial resources, reforms, and capital capabilities.
Point of View
The recent dialogue between Delhi's Chief Minister and the Union Finance Minister illustrates a committed effort towards urban development. This collaboration not only highlights the importance of infrastructure in enhancing the quality of life for residents but also exemplifies the principle of cooperative federalism, which is critical for national growth.
NationPress
17/07/2025
Frequently Asked Questions
What is the purpose of the SASCI scheme?
The SASCI scheme aims to provide interest-free loans for 50 years to states and union territories to support capital expenditure, promoting infrastructure development and sustainable growth.
How much funding is Delhi expected to receive?
Delhi is anticipated to receive Rs 600 crore under the SASCI scheme to enhance infrastructure and green projects.
When was the SASCI scheme launched?
The SASCI scheme was launched in the fiscal year 2020-21 by the Central government as part of the economic recovery efforts post-Covid-19 pandemic.
What areas will the funds be used for?
The funds will be allocated for various development projects including traffic management, drainage systems, green energy initiatives, and waste management.
Who attended the meeting between the CM and FM?
Senior officials from both the Finance Ministry and the Delhi government were present during the meeting.
