Haryana CM releases Rs 1,700 cr to boost urban development

The Haryana Government has released Rs 1,700 crore to the HSVP and various metropolitan development authorities to strengthen urban development and accelerate infrastructure improvements in the state’s major urban areas.

Addressing a press conference here today, Chief Minister Nayab Singh Saini said in the Budget Speech for the financial year 2025-26, an allocation of Rs 3,000 crore from the EDC Fund was announced for the HSVP and the authorities of Gurugram, Faridabad, Sonipat, Panchkula and Hisar for external development works.

He said Rs 1,700 crore has been released today for development works in various urban estates, including Rs 700 crore to HSVP, Rs 700 crore to the Gurugram Metropolitan Development Authority, Rs 170 crore to the Faridabad Metropolitan Development Authority, Rs 30 crore to the Panchkula Metropolitan Development Authority, Rs 80 crore to the Sonipat Metropolitan Development Authority, and Rs 20 crore to the Hisar Metropolitan Development Authority.

Settlement scheme

He also announced a One-Time Settlement (OTS) Scheme for clearing outstanding overdue loans. The scheme will remain in effect until March 31, 2026.

Under the scheme, if farmers who have taken loans from PACS deposit the principal amount of their loans into the societies’ accounts, their entire outstanding interest will be waived. This interest waiver amounts to Rs 2,266 crore, benefiting 6,81,182 farmers and poor laborers across the state.

The Chief Minister further informed that the scheme is applicable to all indebted farmers who have taken crop loans or shop loans that became overdue as of September 30, 2024.

Additionally, families of 2.25 lakh deceased farmers will also benefit. If the legal heirs deposit the principal amount, they will receive an interest waiver totaling approximately Rs 900 crore.

Compensation for farmers

Saini released a compensation of Rs 116.15 crore to 53,821 farmers for crop losses caused by heavy rains in August-September. The compensation released today includes Rs 35.29 crore for millet, Rs 27.43 crore for cotton, Rs 22.91 crore for paddy, and Rs 14.10 crore for guar.

He further stated that a total of 5,29,199 farmers had registered 31 lakh acres of land on the e-Kshatipurti portal for natural disaster-related crop losses during the 2025 Kharif season. After verification, damage was confirmed on 1,20,380 acres belonging to 53,821 farmers.