Madhya Pradesh is burdened with debt of greater than Rs 4 lakh crore, once more the federal government is taking this a lot mortgage.

The debt of Madhya Pradesh authorities is rising. Within the yr 2024, the federal government has thus far taken a complete mortgage of Rs 45.5 crore. On the identical time, as soon as once more the federal government goes to take a mortgage of 5 thousand crore rupees from the market. A brand new mortgage of Rs 5 thousand crore will probably be taken by the Mohan Yadav authorities of the state on 26 December. The federal government says that these loans will probably be spent on growth initiatives which can make stronger the state’s financial system.

Nonetheless, the federal government will take this quantity in two installments of Rs 2500 crore. The federal government will take this mortgage by promoting authorities inventory. The state authorities pays the primary installment in 21 years and the second installment in 17 years. Madhya Pradesh authorities already has plenty of debt. If the loans taken on this monetary yr are added, then Madhya Pradesh has reached the quagmire of debt of greater than Rs 4 lakh crore. Final month, Mohan Yadav authorities had taken a mortgage of Rs 5,000 crore.

When and the way a lot did the federal government take mortgage?

The Mohan Yadav authorities of the state had taken a mortgage of Rs 2500 crore on January 23 this yr. This was the primary mortgage taken by the Mohan Yadav authorities. On the identical time, within the very subsequent month, the federal government took a complete mortgage of Rs 13 thousand crore on three totally different dates. On February 6, the federal government took a mortgage of Rs 3 thousand crore, on February 20, Rs 5 thousand crore and on February 27, the federal government once more took a mortgage of Rs 5 thousand crore.

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On the identical time, subsequent month on twenty sixth March, once more a mortgage of Rs 5 thousand crore was taken. After this, in August the federal government had taken a mortgage of Rs 10 thousand crores. 5 thousand crore rupees on sixth August, whereas on twenty seventh August additionally the federal government had taken a mortgage of 5 thousand crore rupees. This mortgage was taken within the type of two and a half thousand crore rupees in two events. Which will probably be compensated by the federal government in a interval of 14-14 years. On the identical time, a mortgage of Rs 5 thousand crore was taken on 24 September, Rs 5 thousand crore on 8 October and once more Rs 5 thousand crore on 26 November.

Madhya Pradesh is burdened with debt of greater than Rs 4 lakh crore, once more the federal government is taking this a lot mortgage.

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