About Special Assistance to States for Capital Investment Scheme:
- It is an important scheme of the Central government under which states and Union Territories receive interest-free financial aid for infrastructure projects.
- It is managed by the Ministry of Finance.
- SASCI was launched in 2020-21 amid the financial stress caused by the Covid-19 pandemic.
- Salient features of SASCI Scheme:
- Under this, the Centre provides long-term, 50-year interest-free loans to states and union territories to boost capital spending.
- It also provides incentives tied to reforms and capital investment by states.
- It has an endeavor of developing end to end tourist experience, funding support to the shortlisted proposals, strengthening all points of the tourist value chain, harnessing quality expertise for design and development, sustainable operations and maintenance etc.
- Under this scheme projects have been identified based on the project proposals submitted by the concerned State Governments.
