Mysore/Mysuru: Finance Minister Nirmala Sitharaman highlighted that in the aftermath of the COVID-19 pandemic, Prime Minister Modi instructed the Finance Ministry to provide interest-free loans to States for 50 years, aimed at bolstering infrastructure development and supporting ongoing projects.
“No Finance Commission had recommended, but the Centre decided to give all the States interest-free loans for 50 years… It might probably even get written off. What was the share of Karnataka in that? Rs. 7,130 crore since 2020-21,” the Finance Minister disclosed.
