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In this letter, CM Bhagwant Mann said that he has taken a loan of 47 thousand crore rupees, not 50 thousand crores. Out of which, interest of about 27 thousand crore rupees has been paid for the loans of the old governments.
Apart from this, electricity subsidy and government schemes are also mentioned in it. It has also given information about the dues of GST etc. The Chief Minister also told the Governor that previous governments had taken a loan of Rs 3 lakh crore.
Help sought in RDF, you asked for loan details
CM Bhagwant Mann wrote that on September 21, the government had sought the Centre’s intervention in releasing RDF of Rs 5637 crore. In response to this, on September 22, AAP sought an account of the loan taken from the Punjab government. The government has taken a loan of Rs 47,107 crore from 1 April 2022 to 31 August 2023. Which includes not only market loans but also NABARD loans. It also includes loans related to projects approved by the Central Government.
Paying interest on loans to your government
Giving the figures of further investment of the loan amount, Chief Minister Bhagwant Mann told the Governor that it is clear that Rs 27,016 crore is only going as interest on the loan, which your government has inherited. The government is funding schemes and institutions through loans and its own resources. Who were neglected by previous governments.
The Chief Minister wrote to the Governor that from this detail you will understand how your government is dealing with the challenge of inherited debt. With this you will be able to convince the Prime Minister that the government in Punjab is using the loan properly.
Along with this, he is trying hard to improve the financial condition of the state. All this happened at a time when we have given jobs to 36 thousand youth in Punjab. Mann asked the Governor to inform the Prime Minister to release the pending RDF now. Also get loan repayment waiver for 5 years.
Chief Minister’s letter to Governor…
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