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 Cabinet Approves ₹2,995-Crore Tribal Livelihood Mission to Benefit 8 Lakh Households

Bhubaneswar: In a major push to improve livelihoods in tribal-dominated regions, the Odisha Cabinet on…

7 hours ago

Odisha Cabinet Approves 11 Key Proposals Across Six Departments

Bhubaneswar: The Odisha Cabinet on Saturday gave its approval to 11 proposals aimed at strengthening…

8 hours ago

Health Department on High Alert as Flood Situation Persists, Minister Reviews Preparedness

Bhubaneswar: With floods affecting several parts of Odisha, the state Health and Family Welfare Department…

8 hours ago

Odisha Cabinet Clears ₹234.79 Crore Mega Lift Irrigation Project for Khurda, Puri

Bhubaneswar: In a significant push to strengthen irrigation infrastructure and boost agricultural productivity, the Odisha…

8 hours ago

Power Restored to 93% of Flood-Affected Consumers in Odisha, DISCOMs Told to Expedite Remaining Work

Bhubaneswar: Power supply has been restored to nearly 93 per cent of consumers affected by…

8 hours ago

Cabinet Approves ₹133.19 Crore Lift Irrigation Project for Rayagada, Gajapati

Bhubaneswar: The Odisha Cabinet on Saturday approved a ₹133.19 crore lift irrigation project under the…

8 hours ago