Odisha’s per capital loan burden more than doubled in 10 yrs: Finance minister Niranjan Pujari | Bhubaneswar News

BHUBANESWAR: The state’s per capital loan burden has more than doubled in the past 10 years, finance minister Niranjan Pujari said on Monday. It has increased from Rs 9,180 in 2009-10 to Rs 23,524 by January-end of the current 2020-21 financial year, he added.
Informing the assembly through a written reply, the finance minister further said Odisha’s per capital loan burden is less than the national per capital loan burden and that of some of the leading states in the country.
Pujari, in response to a query by Congress MLA Taraprasad Bahinipati, said the total loan burden of the state by January-end is estimated at Rs 1.03 lakh crore, including Rs 6,347 crore from foreign agencies and Rs 53,385 crore from internal sources such as CAMPA, OMBADC and the open market.
The state government has generally been taking loans from international financial agencies, the Centre, internal sources, digging into its Provident Fund and other resources, Pujari said.
As far as loan from external aided agencies is concerned, the finance minister said it has borrowed from agencies like the World Bank, the Asian Development Bank, the International Fund for Agriculture Development, the Japan International Cooperation Agency, the KfW Development Bank, the BRICS Bank and the Asian Infrastructure Investment Bank for infrastructure projects in sectors like irrigation, road, disaster management and urban development.
With the National Bank for Agriculture and Rural Development launching various programmes like the Rural Infrastructure Development Bank, Nabard Warehousing Scheme and Long Term Irrigation Fund, Pujari said the state has taken loan worth Rs 15,623 crore.

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