Punjab Government Finance Minister Manpreet Singh Badal has said that the Center is taking more interest amount on food account of 31 thousand crores of Punjab. They have demanded a cut of one and a half percent in it. In his statement, he said that he will take up the matter with Union Finance Minister Nirmala Sitharaman. The central government has imposed interest of 18,500 crores on this dispute of Rs 12,500 crore.
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In his statement, Manpreet said that the cash credit limit that Punjab takes to fill the grain stocks of the country has been in dispute for years with the matching of accounts with central agencies. The central government has imposed interest of 18,500 crores on this dispute of Rs 12,500 crore. Now, by converting it into a long loan, conditions have been imposed on it to take 8.50 percent interest, whereas the interest on the loan that the state government issues for its needs is only 7 percent.
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For your information, let me tell you that in such a situation why 1.5 percent more interest is being charged on the loan from which the government has already taken one and a half times the interest from the original. Manpreet said that the central government should think that when the rate of debt in the market is low, then why is the state more burdened? He told that if the central government agrees to the state government, then Punjab will save 45 crores per annum which can be put in any welfare scheme.
Had also raised it with the 15th Finance Commission. On this, the committee was constituted by the committee under the leadership of Niti Aayog member Ramesh Chandra. It is learned that the committee has submitted its report to the Finance Commission and in this, the state government has been given a relief of 6100 crores.
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