Odisha’s debt burden to reach Rs 76,744.12 crore by this year-end

Bhubaneswar, November 4, 2017: Even
as the incumbent BJD Government in Odisha has been showcasing its impressive
growth figure, its burgeoning debt burden paints a bleak picture.
The loan burden of the State was
Rs 66,656.56 crore by October 2017 and it is estimated that it would rise to Rs
76,744.12 crore by the end of current financial year, 2017-18.
Finance Minister Shashi Bhushan
Behera informed this in the State Assembly in response to a question of BJP MLA
Dilip Ray in the State Assembly on Monday.
According to the data, the
State’s loan burdens in the March-ending years of 2014, 2010 and 2003 were Rs
38666.24 crore, Rs 37730.04 crore and Rs 27,801.19 crore respectively.
The State’s current loan burden
of Rs 66,656.56 crore include 7,638.50 crore from Government of India, Rs
10,525.19 crore from Nations Small Saving Funds, Rs 19,092.90 crore from Open
Market, 9,227.51 crore from Nabard, 0.81 crore from LIC, 10.34 crore from GIC,
14.90 crore from the National Cooperative Development Corporation, Rs 86.54
crore from Rural Electrification Corporation, 0.42 crore from other sources and
Rs 20,059.45 crore from Provident Fund.

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