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

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Next Story
Real Estate

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Next Story
Technology

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement