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Power sector reforms: Fin min allocates ₹1.4 trn incentives to states for FY24


The additional financing window is dependent on the implementation of specific power sector reforms by states





New Delhi: The Ministry of Finance on Wednesday said that it has earmarked ₹1.43 trillion for additional borrowings by states during financial year 2023-24 (FY24) to undertake reforms for enhancing the efficiency and performance of the power sector.


During FY22 and FY23, 12 states were allowed additional borrowings worth a total of ₹66,413 crore to undertake such reforms, the Department of Expenditure said in a statement.


This move aims to encourage and support the states in undertaking reforms to enhance the efficiency and performance of the power sector,"

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