Telangana Deputy CM Seeks ₹5,000 Crore from Union Finance Minister for Development Projects
Telangana Dy CM meets Sitharaman, requests additional Rs 5,000 crore
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Telangana Deputy Chief Minister Bhatti Vikramarka Mallu met Union Finance Minister Nirmala Sitharaman in New Delhi to request an additional ₹5,000 crore under the Scheme for Special Assistance to States for Capital Investment (SASCI). The funds are aimed at supporting the state's development, particularly in education and infrastructure, amidst fiscal pressures from debt servicing.
- 01The Telangana government has already received ₹4,208 crore for the financial year 2025-26 under SASCI.
- 02A ₹30,000 crore investment plan has been proposed for the education sector, including ₹21,000 crore for 105 Young India Integrated Residential Schools.
- 03The Deputy Chief Minister emphasized the need for long-term capital investments to support human resource development, particularly for marginalized communities.
- 04Telangana is seeking exemption from Fiscal Responsibility and Budget Management (FRBM) limits for loans related to two major projects funded by the Asian Development Bank and the Asian Infrastructure Investment Bank.
- 05The Deputy Chief Minister highlighted that adequate support from the Central Government is crucial for achieving the national vision of 'Viksit Bharat-2047.'
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During a meeting in New Delhi, Telangana Deputy Chief Minister Bhatti Vikramarka Mallu urged Union Finance Minister Nirmala Sitharaman to approve an additional ₹5,000 crore under the Scheme for Special Assistance to States for Capital Investment (SASCI). This funding is critical for sustaining ongoing developmental and welfare programs in Telangana, which is facing fiscal pressure due to debt from various Special Purpose Vehicles (SPVs) established between 2014 and 2023. The Deputy Chief Minister expressed gratitude for the ₹4,208 crore already sanctioned for the financial year 2025-26.
Mallu outlined a ₹30,000 crore investment plan aimed at transforming the education sector, which includes ₹21,000 crore for constructing 105 Young India Integrated Residential Schools and ₹9,000 crore for enhancing government colleges and digital infrastructure. He also requested that loans for two major projects funded by the Asian Development Bank and the Asian Infrastructure Investment Bank be exempt from the state's Fiscal Responsibility and Budget Management (FRBM) limits. The Deputy Chief Minister emphasized that these investments would significantly contribute to the national vision of 'Viksit Bharat-2047' and expressed hope for continued support from the Central Government.
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The additional funding could significantly enhance educational infrastructure and services in Telangana, benefiting students and communities, particularly marginalized groups.
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