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Development of state will gain momentum

05 Jun 2020
Development of state will gain momentum

Chief Minister Shri Shivraj Singh Chouhan has said that with the increase in the state’s borrowing limit from three percent to five percent of the State Gross Domestic Product (SGDP), by the Centre according to F.R.B.M, Madhya Pradesh can now take an additional loan of Rs 18 thousand 983 crore. The borrowing limit has been increased by the Central government on the demand of the state governments, including Madhya Pradesh. This will speed up the development of the state.

Chief Minister Shri Chouhan was watching the presentation of the action plan of two percent additional borrowing limit at Mantralaya today. Chief Secretary Shri Iqbal Singh Bains, Principal Secretary Shri Manoj Govil, Principal Secretary Shri Nitish Vyas, Principal Secretary Shri Shiv Shekhar Shukla, Principal Secretary Shri Sanjay Shukla and Principal Secretary Shri Sanjay Dubey were present in the meeting.

Untitled additional loan of Rs 4 thousand 746 crore

Chief Minister Shri Chouhan informed that Madhya Pradesh will be able to avail additional loan of Rs. 4 thousand 746 crore as per the permission to avail 0.5 percent (untitled) loan without any conditions.

1.5 percent additional loan on four reforms

Chief Minister Shri Chouhan informed that Madhya Pradesh will be able to avail additional loan of 1.5 percent which amounts to Rs 14237 crores of state GDP after making four reforms set by the Centre.

These are the four reforms

Chief Minister Shri Chouhan said that under these four reforms, the state will be able to avail additional loan of Rs. 2373 crores on the first reform of implementation of “One Nation One Ration Card” system, Rs 4746 crores on second reform of simplification of business “Ease of Doing Business”, Rs 11864 crore on the third reform of local urban bodies and total Rs 14237 crores on the 4th reform in the power sector.

One Nation One Ration Card by October 31

The Principal Secretary Shri Shivshekhar Shukla has informed that under the One Nation and One Ration Card System, Aadhaar seeding work of all the ration card holders will be completed by October 31, 2020.

Ease of Doing Business Scheme

It was informed at the meeting that in connection to simplification in the Ease of Doing Business in the state, the district level reform plan is to be sent to the concerned departments for implementation and the same is to be ensured by October 31.

Reforms in Urban Local Bodies

Under the third reform, the property tax is to be linked to the Collector guidelines by the Urban Development and Housing department and rules for consumer charge is to be framed.

Reforms in Power Sector

Under Power Sector reforms, amount of direct benefit is to be transferred directly to farmers. For this, a strategy is being chalk out by the Energy department for transferring the direct benefit to agriculture consumers under pilot basis in one district by December 2020. Under this, amount of concession in power will be deposited directly in the accounts of the farmers and they will have to pay the electricity bills