Odisha’s Loan Burden Pegged At Rs 106540.14 Cr In FY 2020-21

Bhubaneswar: The revised estimation of the State Government has pegged the loan burden to a whopping Rs 106540.14 crores till the end of current fiscal year (FY) 2020-21.

This was informed today by Odisha Finance Minister Niranjan Pujari in reply to a question posed by BJP legislator Naba Charan Majhi during the second phase of the ongoing Budget Session of State Assembly here.

Further replying to the queries of the BJP lawmaker, the Odisha Finance Minister apprised the House that the State Government has made provisions to borrow the amount chiefly from the sources like Government of India, open market, National Bank for Agriculture and Rural Development (NABARD), Rural Electrification Corporation (REC) Limited, Odisha Mineral Bearing Areas Development Corporation (OMBADC), Compensatory Afforestation Fund Management & Planning Authority (CAMPA) Fund and the Provident Fund.

The Finance Minister also tabled an official data in the House on the State Government’s loan burden in the fiscal years of 2009-10, 2014-15, 2019-20 and till the end of January 2021 along with the names of various lending agencies as well as the capital and interest amounts incurred by the State Exchequer on the afore-cited fiscal years.

As per the data furnished in the Assembly on the total loan burden of Odisha:

By the end of FY 2009-10: Rs 37730.04 crores
By the end of FY 2014-15: Rs 43273.40 crores
By the end of FY 2019-20: Rs 92775.19 crores
By the end of January 2021 in FY 2020-21: Rs 103410.39 crores.