Madhya Pradesh :- Then the Mohan Yadav government of Madhya Pradesh is planning to take a new loan of Rs 5 thousand crores. Let us tell you that this loan will be taken through e-auction process by pledging government bonds or stocks. This amount will be received in two parts of Rs 2500 crore each. The tenure of this loan will be 20 years and 14 months.
Loan figure reached Rs 40 thousand 500 crore in 11 months
According to the information, the state government has already taken a total loan of Rs 40 thousand 500 crore in 11 months. This loan has been taken for the purpose of completing all the development works of the state.
Huge debt of Rs 3 lakh 90 thousand crores
Till now, the people of Madhya Pradesh have incurred a debt of Rs 3 lakh 90 thousand crores. This is a serious matter for the financial stability of the state. In view of the continuously increasing debt, experts say that it may have a negative impact on the economic structure of the state.
RBI will do the work of debt management
This loan will be taken through the Reserve Bank of India (RBI). The government will raise this amount by pledging government bonds and stocks. This amount will be transferred to the government through e-auction.
Questions are being raised on the economic condition of the state
Seeing the continuously increasing debt, many people and experts believe that it can weaken the economic condition of the state. Seeing this increasing debt, financial experts called it a matter of concern and said that it could prove challenging for the development of the state.