State Govt to seek Rs 200 crore loan

The council of ministers today decided to take loan of Rs 200 crore.

“The decision was taken in the cabinet meeting” said Education minister Ratan Lal Nath yesterday.

Addressing media about the decision Education Minister Ratan Lal Nath said ” the previous state Govt approved various projects aimlessly and without proper planning, altogether there are 231 projects only for building construction under 21 departments excluding Public Works Department. Beside 12 projects of the PWD were also approved.

He further added the State Govt has to pay Rs 421.1 crore to contractors for various buildings construction work. The Govt is now on the move to take loan of Rs 200 crore to complete the half done works.