Financial pressure is increasing on the Chhattisgarh government. To fulfill this, the government is going to take a new loan of one thousand crore rupees. The Reserve Bank of India will provide this loan by auctioning fixed deposits for five years. The state government has taken a loan of Rs 1700 crore in the month of October itself. Chief Minister Bhupesh Baghel had informed about the plan to take a loan of Rs. 5500 crore for the construction of roads in the speech of Rajyotsava.
Before leaving for campaigning in Bihar, the Chief Minister said, “We are not getting GST money from the central government.” We have to take more than 45 thousand crores from the central government. However, till date only 350 crore rupees have been received. In such a situation, we have to take a loan to continue our work. The chief minister said, the central government says that states should take loans. While the amount of GST compensation is the amount of our right. The Chief Minister has said many times before, if he has to take loan for schemes of public interest.
The state government had told in the monsoon session of the assembly, that the government is paying an average interest of Rs 360 crore per month on the loan taken through various financial institutions. The government has a debt of over 60 thousand crore rupees.