Loan burden of Odisha pegged at Rs 106540.14 Cr in 2020-21: Finance Minister

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Bhubaneswar: The loan burden of Odisha has been pegged at a staggering Rs 106540.14 crores till the end of the current fiscal year (FY) 2020-21, informed Finance Minister Niranjan Pujari in Odisha Assembly today Pujari was replying to a question by BJP legislator Naba Charan Majhi.

The Finance Minister said that the government has made provisions to borrow the amount mainly 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.

Pujari submitted official data in the Assembly on the loan burden in the financial years of 2009-10, 2014-15, 2019-20 and till the end of January 2021.

  • FY 2009-10: Rs 37730.04 crores
  • 2014-15: Rs 43273.40 crores
  • FY 2019-20: Rs 92775.19 crores
  • Up to  January 2021 in Financial Year 2020-21: Rs 103410.39 crores.

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