To make the nation a 5 trillion US dollar economy, the government has committed nearly 1.97 lakh crores, over 5 years starting Financial year 2021-22. Mega Investment Textiles Parks (MITRA) will be launched in addition to the Production Linked Incentive scheme to create world class infrastructure in exports. Seven Textile Parks to be established over 3 years.<br />'' <br />'' A professionally managed Development Financial Institution will be set up to provide, enable and to act as catalyst for infrastructure financing. A sum of 20,000 crore rupees to be provided to capitalise this institution.<br />'' <br />'' A "National Monetization Pipeline" of potential brownfield infrastructure assets will be launched to provide visibility to investors.<br />'' <br />'' Capital expenditure steeply increased to provide 5.54 lakh crores which is 34.5 per cent more than the Budget Estimate of 2020-21. Over and above this expenditure, more than 2 lakh crores is to be provided to States and Autonomous Bodies for their Capital Expenditure.<br />'' &nbsp;
News On AIR | February 2, 2021 7:55 AM
Capital expenditure increased to provide 5.54 lakh crores