Lucknow, Aug. 22 -- There has been an unprecedented rise in infrastructure and industrial development in Uttar Pradesh in the past several years, but on the other hand, the burden of loans taken from various institutions has also increased.
So far in the current financial year, every person in UP has a loan of about Rs 37,500. In five years, the loan on UP is estimated to increase from Rs 6 lakh crore to Rs 9 lakh crore.
According to the State Finance Commission, despite this, the revenue deficit of the government is 2.97 per cent which is within the prescribed RBI limit. This is the reason that the size of the budget has also almost doubled in five years.
A latest report of the State Finance Commission, the burden of borrowing on the st...