India, Feb. 26 -- The Uttarakhand government has said the Centre has approved an incentive amount of Rs.350 crore for the state under Part IX of the Special Assistance to States for Capital Investment (SASCI) scheme, a component titled "Incentives to States for Efficiency in Financial Management".

In a statement, Chief Minister Pushkar Singh Dhami thanked Prime Minister Narendra Modi and the Union government for the approval, and said the sanction would support the state's development programmes.

Dhami said the incentive reflected the state government's focus on what he described as stronger financial management, transparency and fiscal discipline. He said Uttarakhand had worked on improving tax collection, tightening expenditure monito...