<h1>India Allocates Rs. 15,000 Crore as Interest-Free Loan to States for Capital Expenditure in 2021-22 to Boost Growth.</h1> The Government of India will provide Rs. 15,000 crore to states as an interest-free 50-year loan for capital expenditure in 2021-22. This scheme aims to boost employment and economic growth through infrastructure projects. The funds are divided into three parts: Rs. 2,600 crore for North-East and Hill States, Rs. 7,400 crore for other states based on their share of central taxes, and Rs. 5,000 crore as incentives for asset monetization and disinvestment. This initiative continues from the previous year, where Rs. 11,830.29 crore was allocated, supporting state-level capital expenditure during the pandemic. The funds can be used for new and ongoing projects, including settling pending bills.