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Tripura to take Rs 200 crore loan from HUDCO, LIC

Press Trust of India  |  Agartala 

The would take a loan of Rs 200, either from LIC or HUDCO, to overcome severe financial crunch that the former has left behind, a said on Friday.

The former had emptied the state's coffers due to unplanned projects undertaken without arrangement of funds, alleged.

"The state cabinet yesterday decided take a loan of Rs 200 crore from either Housing and Urban Development Corporation or the of for now," he told reporters.

Nath said, 231 projects are under progress in 21 government departments including school education, higher education, health and family welfare, home, fire, jail, tribal welfare, law, tourism, youth and sports affairs, urban development, science and technology, minority, and civil supplies, animal resource development, handloom, labour, panchayat and PWD.

"These projects, most of which are buildings and other structures, have a cumulative financial involvement of Rs 1,497.75 crore," he added.

He alleged that the projects were started keeping the February Assembly elections in mind.

Front, which ruled for 25 years since 1993, was defeated by the BJP and IPFT combine in the election this year.

"We are trying to get Rs 300.58 crore as Special Plan Assistance (SPA) from the NITI Aayog," the law said.

He also said that the government has to find ways to gather more funds from different sources to tide over the crisis.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 18:15 IST