Loans are a must for development: CM Himanta Biswa Sarma
Chief Minister Himanta Biswa Sarma said that the State government would take a Rs 14,000-crore loan in this financial year.
GUWAHATI: Chief Minister Himanta Biswa Sarma said that the State government would take a Rs 14,000-crore loan in this financial year. And he felt proud as the Chief Minister to have attained the capacity to take such a big amount of loan.
The Chief Minister said this on the floor of the State Government Assembly on Wednesday while justifying the government taking loans for the development of the state.
The Chief Minister said, "Loans are a must for the development of the state. A section of people with a conservative mindset on loans is conspiring to derail the State Government from its development trajectory. We take loans in sync with the increase in the state GDP (Gross Domestic Product). This House permitted us under the FRBM (Fiscal Responsibility and Budget Management) Act to take a 3.5 per cent loan of the GDP. The MLAs who are criticizing the government now for taking loans were the ones who permitted us to take loans.
"A state government take loans with permission from the state Assembly, the Central Government and the RBI (Reserve Bank of India. No government can take loans at its whims and fancies.
"We will take Rs 18,000-crore loan in 2022-23 and Rs 22,000-crore in 2003-24. It is possible since our GDP is on a rising trend. We take loans for capital projects for creating assets. We will take Rs 5,000-crore loans for 1,900 bridges, Rs 3,000-crore to set up super-facility blocks in the existing medical colleges in the state, Rs 2,500-crore to upgrade the district hospitals. We will take the loans from different sources like JICA, NABARD, ADB etc. We make repayment plans ready while taking loans.
"We are also doing development works worth Rs 55,000 crore without taking loans. Let the MLAs who criticize the government for taking loans go to other states and see the status of loans there. They also need to see development in those states."
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