The State Government has made a Budgetary estimate to take a total loan of Rs 12,800.38 crore from different sources for implementation of various schemes and developmental projects, particularly for Capital Outlay, during 2015-16 fiscal. Finance Minister Pradip Kumar Amat said this in a written reply to a question of Bbujabal Majhi (Congress) in the State Assembly on Monday. He said while highest loan amount of Rs 7356.38 crore has been estimated to be procured from the Open Market, Rs 2,700 crore is set to be obtained from the National Agriculture and Rural Development Bank (Nabard). The other sources are Government of India (Rs 1634 crore), GPF-Net (Rs 800 crore), NSSF (Rs 300 crore) and the Rural Electrification Corporation (Rs 10 crore).
Regarding the current fiscal (2014-15), the Finance Minister stated that the State Government had in its Annual Budget, targeted to obtain a total loan amount of Rs 11,695.72 crore, which was later re-estimated at Rs 11,180,86 crore in the Revised Outlay. "According to the Accountant General, Odisha, a total loan amount of Rs 1625.06 crore has so far been obtained from different sources. But in the rest of period, loan would be taken as per need which would be assessed after consideration of revenue and expenditure," Amat said.
