Chhattisgarh government is under the debt of ₹57,848 crore, says CM Baghel

Baghel, in his written reply, said that just after Congress government was formed in the state in December 2018 to January 31, 2020 state government has taken loan of ₹17,729 crore from various financial institutions.

Updated on: Feb 26, 2020, 06:40:40 IST

Hindustan Times, Raipur | By Ritesh Mishra

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Chhattisgarh Chief Minister Bhupesh Baghel in a written reply to a question in legislative assembly on Tuesday, said that the government is presently under the debt of ₹57,848 crore, which was taken from various institutions.

Bhupesh Baghel while replying to a question in legislative assembly on Tuesday said that the government is presently under the debt of ₹57,848 crore (PTI)

The question was asked by senior BJP MLA and former minister in Raman Singh’s cabinet Ajay Chandrakar.

Baghel, in his written reply, said that just after Congress government was formed in the state in December 2018 to January 31 2020 state government has taken loan of ₹17,729 crore from various financial institutions.

“The time period of the loan is from two years to 10 years. We have taken market loan of Rs. 16400 crores from Reserve Bank of India (RBI) while Rs.934.38 crores from NABARD’s Rural Infrastructure Development Fund. A total of Rs.394.74 crores from ADB/ World Bank was also taken,” said Baghel in his reply.

The loans have been taken for various development and infrastructural purpose in the state, Baghel said.

ABOUT THE AUTHOR
Ritesh Mishra
Ritesh Mishra is the State Correspondent for Chhattisgarh with Hindustan Times. He reports on Maoism, internal security, politics, mining, governance, and major developments shaping the state. Based in Raipur, he has covered Chhattisgarh since 2016, reporting extensively from the Bastar region and other conflict-affected areas. With nearly two decades of experience in journalism, Ritesh has built a reputation for ground reporting from some of India's most challenging terrains. His coverage spans Left-Wing Extremism, counter-insurgency operations, elections, tribal affairs, environmental issues, infrastructure, mining, and socio-economic developments. He has reported on major security operations, policy initiatives, wildlife crime, and the changing dynamics of conflict and development in Central India. Before moving to Chhattisgarh, Ritesh spent eight years reporting from Madhya Pradesh, covering politics, administration, crime, development, and social issues. Throughout his career, he has reported on various forms of extremism in Central India, combining field reporting with in-depth analysis to produce accurate, balanced, and impactful journalism. Prior to joining Hindustan Times, Ritesh worked with The Pioneer and The Free Press Journal, where he covered a wide range of beats and honed his skills in political, investigative, and field reporting. His reporting is marked by exclusive stories, extensive fieldwork, and a commitment to factual, on-the-ground journalism that brings complex issues to a wider audience.Read More