The Theangana government, which is facing a growing interest burden on highly costly loans earned in the past, has allegedly decided to exchange high -interest loans to ensure that it can save considerable amounts in the coming days.
Efforts can be seen from the fact that the government has decided to loan on an open low interest market through auction of securities carried out by the Indian Reserve Bank (RBI) in the last few weeks.
The state government increased 5,000 Crore 5,000 GBP at a securities auction of August 5, with interest rates bound around 7.1%. 29. July increased 3,500 crore with interest rates 7.15%to 7.16%and the same for 2,500 GBP crore is increased on July 15 with interest rates to 7.1%. Although loans are longer, the government will probably come to the government due to their low interest rates.
The development follows the huge loans acquired by the BRS government at high interest rates, which have become the burden of the state government, which has been forced to pay interest out of approximately 25,000 crore since the last two fiscal years.
Chief Minister A. Revant Reddy said during his address Independence Day on Friday that the government had completed the debt service of 2.2 lakh crore, which included the director of 1.32 Lakh Crore and the interest component of 88 178 Crore, because Congress assumed power two years ago.
The leading officials said low interest loans will help overthrow the high costs of government debts, but not for borrowing outside the budget. OBBs are primarily financed by financial institutions that cannot be replaced, higher officials said.
In view of this, the government addressed the communication of the Minister of Finance of the Union of Nirmal Sitharaman, which was looking for her consent to restructure loans with high interest. Communication quoted a loan of 31,795 GBP, which caused the Kaleshwaam lift system from Power Finance Corporation and rural electrification corporations with interest rates in the range of 10.75% to 11.25%.
“In addition, I would like to prove that several projects launched with high-interest loans remain incomplete for various reasons that lead to sub-optimal revenue compared to their original projection,” CM said, looking for the Minister of Finance of the Trade Union in directing financial institutions such as PFC and recurrence of loan restructuring that was extended to SPV/corporation.
Published – August 15 2025 17:32
