April 20, 2026
A high-level review meeting of the ‘Scheme for Special Assistance to States for Capital Investment (SASCI) 2026-27’ was held today under the chairmanship of Bihar Chief Secretary, Mr. Pratyay Amrit. During the meeting, the Chief Secretary conducted a detailed review of the progress of projects department-wise and compliance with the mandatory conditions set by the Central Government.
Outlining the scheme, the Additional Chief Secretary, Finance Department, informed that a total allocation of ₹2,00,000 crore has been made to all states by the Ministry of Finance, Government of India, for the year 2026-27. Under this scheme, states are being provided interest-free loans for 50 years to strengthen the future productive capacity of the economy through capital works with a high multiplier effect.
Key points and allocations of the scheme:
• Untied Funds (Part-I): This provides for ₹75,000 crore, of which ₹67,000 crore will be given to states in proportion to their tax share.
• Incentives for various sectors: The scheme has a total of 12 parts, covering key sectors such as ‘AgriStack’ for the agriculture sector (₹13,000 crore), mining reforms (₹5,000 crore), and strengthening public finance IT infrastructure (₹4,000 crore).
• Specific Projects: Construction of Unity Malls, police housing, working women’s hostels, and the development of iconic tourist destinations to global standards are among the priorities of this scheme.
The Chief Secretary directed that all departments ensure complete compliance with the guidelines and branding rules issued by the Central Government. He directed that the Consolidated Utilization Certificate (UC) for the amount utilized up to March 31, 2026, be submitted in Form 12-B through the PFMS portal on time. He also directed that the process of depositing the interest amount deposited in the bank accounts of the Single Nodal Agency (SNA) into the Consolidated Fund of India (CFI) be expedited.
The Additional Chief Secretary, Finance Department, who was present at the meeting, issued specific instructions for effective monitoring of the scheme. He informed that regular review meetings of the scheme’s progress will be held under the chairmanship of Mr. Mukesh Kumar Lal, Special Secretary, Finance Department. The Additional Chief Secretary, Finance Department, himself will conduct a fortnightly review of the scheme’s high-level progress.
The Chief Secretary directed all concerned departments to select their five priority areas for the upcoming financial year and finalize project proposals expeditiously, so that the state can maximize the benefits of this special assistance.