Odisha

Odisha Govt Borrows ₹21,177.99 Crore in Nine Months, Focuses on Development Projects

Bhubaneswar: The Odisha government has borrowed ₹21,177.99 crore from various sources over the last nine months (June 2024 – February 2025) to fund capital investments and key development projects, Chief Minister Mohan Charan Majhi informed the State Assembly on Monday.

In a written statement responding to Bhograi BJD MLA Goutam Buddha Das, CM Majhi detailed the breakdown of the borrowing:

  • ₹7,149.56 crore from the central government
  • ₹9,000 crore from the open market
  • ₹2,261.16 crore from NABARD (National Bank for Agriculture and Rural Development)
  • ₹2,750 crore from OMBADC (Odisha Mineral Bearing Areas Development Corporation)
  • ₹2,370 crore from CAMPA (State Compensatory Afforestation Fund Management and Planning Authority)
  • Net Provident Fund deduction: ₹2,352.73 crore

The Chief Minister emphasized that the borrowed funds are being fully utilized for infrastructure and welfare initiatives, including irrigation, energy, road construction, disaster management, and urban development.

During the same period, the state government repaid ₹14,970.97 crore towards previous loans, ensuring a balanced approach to debt management.

Bureau The News Hashtag

Recent Posts

Odisha Joins Nationwide PM-SVANidhi Drive, Over 1.10 Lakh Street Vendors Benefit Across State

Bhubaneswar: Under the visionary leadership of Prime Minister Narendra Modi, a nationwide programme for the…

13 hours ago

Vedanta Kalinga Lancers Enter HIL Final with Gritty 2–1 Win over Ranchi Royals

Bhubaneswar: Vedanta Kalinga Lancers booked their place in the final of the Men’s Hero Hockey…

15 hours ago

Murrah Bull ‘Inder’ Emerges as Elite Breeding Prospect, Valued at ₹4 Crore

Bhubaneswar: Inder, a magnificent Murrah bull from Haryana’s renowned Karamveer Breeding Farm in Kurukshetra, is…

2 days ago

Chief Secretary Reviews Performance of Odisha Discoms, Stresses Network Modernisation and Consumer-Centric Reforms

Bhubaneswar: Chief Secretary Anu Garg, in her capacity as Chairperson of Odisha’s power distribution companies,…

2 days ago

Odisha Launches ₹141.50-Crore Drought Mitigation Programme to Climate-Proof Agriculture

Bhubaneswar: In a major step towards building climate resilience in agriculture, the Odisha government on…

2 days ago

Krushi Odisha-2026 Inaugurated to Drive Innovation and Market-Led Growth in Agriculture

Bhubaneswar: Krushi Odisha-2026 was inaugurated on Wednesday by the Deputy Chief Minister and Minister for…

2 days ago