Centre Grants Rs 7.59 Billion to Boost Uttarakhand
ECONOMY & POLICY

Centre Grants Rs 7.59 Billion to Boost Uttarakhand

The Central Government has approved additional financial assistance of Rs 7.59 billion for Uttarakhand to strengthen modern infrastructure and support economic development. The package includes Rs 7.34 billion for capital investment and Rs 250 million for urban land reforms, aimed at accelerating development projects and promoting planned urban growth.

The funding has been sanctioned by the Ministry of Finance under the Scheme for Special Assistance to States for Capital Investment. The allocation recognises Uttarakhand’s timely implementation of prescribed financial reforms, reflecting the state’s commitment to fiscal discipline and efficient governance.

With this additional support, total financial assistance extended by the Centre to Uttarakhand in the financial year 2025–26 has reached Rs 18.06 billion. The funds will be deployed across key development initiatives, including the construction and upgrading of roads, bridges, urban infrastructure, public works and other essential facilities throughout the state.

The Rs 250 million earmarked for urban land reforms is expected to strengthen planned urban development, enhance transparency in land management and create a more investment-friendly environment. These reforms are also intended to ensure orderly urban expansion and improve civic amenities in growing urban centres.

The Centre’s decision to release additional funds is linked to Uttarakhand’s successful implementation of financial reforms mandated under the scheme. This performance-based assistance is designed to encourage states to strengthen fiscal management while accelerating capital expenditure that supports long-term economic growth.

Chief Minister Pushkar Singh Dhami expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for continued support. He stated that the additional financial assistance would play a crucial role in transforming infrastructure, boosting economic activity and advancing the vision of a developed Uttarakhand.

The Chief Minister added that sustained support from the Centre would help realise the goal of making this decade the “Decade of Uttarakhand”, ensuring sustainable growth and improved quality of life for the people of the state.

The Central Government has approved additional financial assistance of Rs 7.59 billion for Uttarakhand to strengthen modern infrastructure and support economic development. The package includes Rs 7.34 billion for capital investment and Rs 250 million for urban land reforms, aimed at accelerating development projects and promoting planned urban growth. The funding has been sanctioned by the Ministry of Finance under the Scheme for Special Assistance to States for Capital Investment. The allocation recognises Uttarakhand’s timely implementation of prescribed financial reforms, reflecting the state’s commitment to fiscal discipline and efficient governance. With this additional support, total financial assistance extended by the Centre to Uttarakhand in the financial year 2025–26 has reached Rs 18.06 billion. The funds will be deployed across key development initiatives, including the construction and upgrading of roads, bridges, urban infrastructure, public works and other essential facilities throughout the state. The Rs 250 million earmarked for urban land reforms is expected to strengthen planned urban development, enhance transparency in land management and create a more investment-friendly environment. These reforms are also intended to ensure orderly urban expansion and improve civic amenities in growing urban centres. The Centre’s decision to release additional funds is linked to Uttarakhand’s successful implementation of financial reforms mandated under the scheme. This performance-based assistance is designed to encourage states to strengthen fiscal management while accelerating capital expenditure that supports long-term economic growth. Chief Minister Pushkar Singh Dhami expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for continued support. He stated that the additional financial assistance would play a crucial role in transforming infrastructure, boosting economic activity and advancing the vision of a developed Uttarakhand. The Chief Minister added that sustained support from the Centre would help realise the goal of making this decade the “Decade of Uttarakhand”, ensuring sustainable growth and improved quality of life for the people of the state.

Next Story
Real Estate

A Paradigm Shift

The Indian real-estate and construction sector, which employs a significant number of organised and unorganised workers in the country, has embarked on a paradigm shift in its regulatory framework from an employment law perspective. With the four Labour Codes – the Code on Wages, 2019 (Wage Code); the Industrial Relations Code, 2020 (IR Code); the Code on Social Security, 2020 (SS Code) and the Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code) – coming into effect in India from November 21, 2025, the industry is shifting away from a fragmented, contractor- driven com..

Next Story
Technology

We offer end-to-end traceability at scale

mjunction has evolved from an e-auction pioneer into a multi-vertical digital commerce platform with deep expertise in complex steel and coal supply chains. Its end-to-end, AI-led architecture focuses on price discovery, traceability, compliance and scalability, enabling transparent procurement, efficient logistics and data-driven decision-making across geographies. Vinaya Varma, MD, shares more about the company in conversation with CW.From a technology standpoint, what are the core USPs of mjunction today that differentiate it in steel and coal supply chains?mjunction has evolved b..

Next Story
Infrastructure Urban

Henkel, Rotary Recycle PoP Ganesha Idols Under Project HARMONY

Henkel India, in partnership with the Rotary Club of Navi Mumbai – Joy of Giving and with support from the Navi Mumbai Municipal Corporation (NMMC), has advanced circular sustainability through Project HARMONY by recycling Plaster of Paris (PoP) Ganesha idols into community learning assets. The initiative highlights an integrated approach to environmental restoration and social impact.As part of the project, materials collected after Ganesh Visarjan 2025 at Nerul were responsibly diverted from land and water bodies and processed at an authorised recycling facility, with on-ground execution s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App