"We fulfil three out of the five criteria laid down for according special category status to a state," Kumar told reporters here.
He said Bihar's growth rate at 13 per cent has been widely appreciated and acknowledged even by the Centre. For better growth, "we should be granted special category status," Kumar said.
Special category status would bring private investment and investors would get tax benefits and the Centre too would have to make less investment in the state and the surplus would be spent on development work, he said.
He urged the Centre to set up an expert committee to consider the demand for grant of special category status.
On the Planning Commission's assessment of development in Bihar, the chief minister said it has lauded ongoing efforts.
In reply to a question, the chief minister denied that the state faced a debt burden and said that it has judiciously cleared loans taken on high interest rate and gone for soft loans on low interest rate.
The state government has taken loan for development and not for payment of salaries, Kumar said. "Our performance has been impressive," he said.
He said the state should be given assistance for loan repayment if other states received the facility.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
