Government Extends Deadline To Complete Citizen-Centric Reforms For States To Avail Additional Borrowing

INSUBCONTINENT EXCLUSIVE:
States which successfully complete reforms are eligible for incentive benefits.The finance ministry has extended the deadline for the states
to complete citizen-centric reforms in various sectors to February 15, 2021, in order to become eligible for availing additional borrowing
The government has identified four critical areas for reforms by the states, namely, the implementation of one nation, one ration card
system, the ease of doing business reform, urban local body/ utility reforms, and power sector reforms
Additional borrowing equivalent to 0.25 per cent of their gross states domestic product for completing all reformsThe states which implement
completing each reform
May 2020
Scheme for Financial Assistance to States for Capital Expenditure for completing three out of four reformsThe second benefit available to
states completing three out of the four reforms is additional funds assistance under the 'Scheme for Financial Assistance to States for
Capital Expenditure'