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Centre waives loan of Rs 1500-cr: CM

By Staff reporter

GUWAHATI, March 15 � Chief Minister Tarun Gogoi today announced in the State Assembly that the Government of India yesterday waived a cumulative loan amount of the State worth Rs 1500 crore and the World Bank has granted a loan worth Rs 1900 crore for the State's road projects. The Chief Minister was replying to the debate on the budget he had presented to the State Assembly on March 12.

The Chief Minister said that it was because of the good fiscal management of the State Government that the waiving of the above loan amount, which grew from a principal loan amount of Rs 500 crore and the World Bank loan were possible.

He further announced that the Government is keen on reclaiming the land lost to river erosion and a pilot project is planned for the purpose near Guwahati.

The Government is also laying stress on aforestation and combating the impacts of climate change. It has drawn a plan for aforestation on a 9 lakh hectares of land with the French Government financial assistance of Rs 366 crore, he said.

He claimed that the State is making progress in a steady manner in the right direction and the GSDP growth rate of the State has reached 8.42 per cent now from 1.53 in 2001 when his Government took over from the Asom Gana Parishad (AGP). The GSDP rate of the State is higher than that of the national average which is 7.41 per cent at present, he claimed.

The Chief Minister further claimed that the plan size of the State has also shot up from Rs 1520 crore in 2001-02 to Rs 10,000 crore in 2012-13.

The Congress-led State Government has now been able to collect over Rs 6,000 crore as tax against the Rs 1,410 crore the State could garner in 2001. Today the State is revenue surplus and today it has a surplus of Rs 3,000 crore. The State does not need to borrow today, he claimed.

Though the State has not been able to record a significant achievement in matters of all round development as per the Planning Commission's development index and ranked 16 in this respect, the Commission has recorded 32 per cent growth in the human development index of the State.

The State has attained the topmost place in the fields of income and health in the country. It has been ranked second in matters of urban literacy and in matters of rural literacy, it has been able to record 80 per cent literacy rate, the Chief Minister said.

In the area of per capita loan, the State has been ranked 7 th in the country and Gujarat with Rs 22, 608 and Kerala with Rs 40,000 are lagging behind it in this respect. The debt burden of the State is the lowest in the country because of its good fiscal management, he said.

The Chief Minister claimed that the State is better than the All India average in matters of inclusive growth. The State would now on be able to overcome the debt burdens with the help of its sinking and guarantee redemption funds.

The Government has allocated an amount of Rs 12270 crore for rural development against the Rs 1336 crore allocated during the Asom Gana Parishad's time.

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Centre waives loan of Rs 1500-cr: CM

GUWAHATI, March 15 � Chief Minister Tarun Gogoi today announced in the State Assembly that the Government of India yesterday waived a cumulative loan amount of the State worth Rs 1500 crore and the World Bank has granted a loan worth Rs 1900 crore for the State's road projects. The Chief Minister was replying to the debate on the budget he had presented to the State Assembly on March 12.

The Chief Minister said that it was because of the good fiscal management of the State Government that the waiving of the above loan amount, which grew from a principal loan amount of Rs 500 crore and the World Bank loan were possible.

He further announced that the Government is keen on reclaiming the land lost to river erosion and a pilot project is planned for the purpose near Guwahati.

The Government is also laying stress on aforestation and combating the impacts of climate change. It has drawn a plan for aforestation on a 9 lakh hectares of land with the French Government financial assistance of Rs 366 crore, he said.

He claimed that the State is making progress in a steady manner in the right direction and the GSDP growth rate of the State has reached 8.42 per cent now from 1.53 in 2001 when his Government took over from the Asom Gana Parishad (AGP). The GSDP rate of the State is higher than that of the national average which is 7.41 per cent at present, he claimed.

The Chief Minister further claimed that the plan size of the State has also shot up from Rs 1520 crore in 2001-02 to Rs 10,000 crore in 2012-13.

The Congress-led State Government has now been able to collect over Rs 6,000 crore as tax against the Rs 1,410 crore the State could garner in 2001. Today the State is revenue surplus and today it has a surplus of Rs 3,000 crore. The State does not need to borrow today, he claimed.

Though the State has not been able to record a significant achievement in matters of all round development as per the Planning Commission's development index and ranked 16 in this respect, the Commission has recorded 32 per cent growth in the human development index of the State.

The State has attained the topmost place in the fields of income and health in the country. It has been ranked second in matters of urban literacy and in matters of rural literacy, it has been able to record 80 per cent literacy rate, the Chief Minister said.

In the area of per capita loan, the State has been ranked 7 th in the country and Gujarat with Rs 22, 608 and Kerala with Rs 40,000 are lagging behind it in this respect. The debt burden of the State is the lowest in the country because of its good fiscal management, he said.

The Chief Minister claimed that the State is better than the All India average in matters of inclusive growth. The State would now on be able to overcome the debt burdens with the help of its sinking and guarantee redemption funds.

The Government has allocated an amount of Rs 12270 crore for rural development against the Rs 1336 crore allocated during the Asom Gana Parishad's time.