SASCI Scheme: Key Focus of Consultation
During the discussions, several participants emphasized the continuation and enhancement of the Scheme for Special Assistance to States for Capital Investment (SASCI). The scheme, designed to fast-track asset creation and support capital investments in States and UTs with legislatures, has been instrumental in providing 50-year interest-free loans. Since 2020-21, the Union Government has released more than ₹4.25 lakh crore under SASCI to facilitate infrastructure development.
Ministers suggested that higher allocations under SASCI would help accelerate developmental projects and support sustained economic growth across States and UTs.
Union Finance Minister’s Response
Smt. Sitharaman thanked all participants for their valuable inputs and assured that the suggestions would be carefully examined and considered while formulating the Union Budget 2026-27. The Finance Minister underscored the Government’s commitment to collaborative budgeting and ensuring equitable development across all regions of the country.
The pre-budget consultation provided a platform for States and UTs to highlight their priority areas and key challenges, enabling a more inclusive and participatory approach to fiscal planning.
Looking Ahead to Budget 2026-27
The insights from the consultation are expected to inform policy decisions on capital investment, infrastructure development, and financial assistance to States and UTs. By focusing on schemes like SASCI, the Union Government aims to accelerate economic growth, strengthen regional development, and improve public infrastructure nationwide.
