Rs. 5,87,082 Crore for States/ UTs under Tax Share, Non-Plan Grants, Loans and Central Assistance

The Government is expected to transfer resources to the tune of Rs. 5,87,082 crore for States/ UTs under share of taxes, non-plan grants, loans and central assistance. Announcing this in Lok Sabha today while presenting the Budget 2013-14, the Finance Minister Shri P. Chidambaram said that central funds for the schemes will be given to the States as part of Central plan assistance.

Showing concern over the proliferation of Centrally Sponsored Schemes (CSS) and Additional Central Assistance (ACA) Schemes, the Finance Minister announced that 173 such schemes will be restructured in 70 schemes. The Ministers said that each of these schemes will be reviewed once in two years.

Source : Equity Bulls

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