CM: Himachal Govt raised Rs 21,366 crore loans in 20 months

Shimla, August 30

Reeling from an acute financial crunch, the state government raised Rs 21,366 crore in loans during the past 20 months and repaid Rs 5,864 crore debt, Chief Minister Sukhvinder Singh Sukhu informed the Vidhan Sabha on Friday.

In a written reply to a question, the Chief Minister said that the net loan raised by the government was Rs 15,502 crore. During 2022-23, the government raised loans amounting to Rs 6,897 crore from December 15, 2022, to March 31, 2023, Rs 10,521 crore during 2023-24 and Rs 3,948 crore between April 1, 2024, and July 31, 2024.

The government repaid Rs 1,097 crore in 2022-23, Rs 3,481 crore in 2023-24 and Rs 1,286 crore in 2024-25 and as such the net borrowing stood at Rs 15,502 crore, he added.

As per information, the net loan raised by the government was Rs 5,800 crore in the last three and a half month of 2022-23, Rs 7,040 crore in 2023-24 and Rs 2,662 crore in 2024-25.