 "bad loans, debt, loan, banks, finance")
West Bengal’s debt burden rose by a whooping Rs 1.16 lakh crore in the last five years. This year alone, so far the state government has raised close to Rs 26,000 crore, the second-highest among states, the Reserve Bank of India (RBI) data showed. In comparison, Maharashtra has been the top borrower so far, with its market loans close to Rs 35,000 crore, according to the RBI. Much of the increasing debt burden is on account of repayment of old loans.
What is more worrying for West Bengal is the upcoming high-interest debt repayment schedule. The state’s repayment burden on account
