The Punjab government is going to get a new loan of about Rs 8,500 crore during the July to September quarter. This loan will be subject to the approval of the Reserve Bank of India (RBI) and will be raised from the market. According to the information, government Rs 2,000 crore in July, 3,000 taxes in August
,
Earlier, the government has taken a loan of Rs 6,241.92 crore in April and May. Overall, the total debt taken so far in the current financial year 2025-26 will reach Rs 14,741.92 crore.
After the information about taking a new loan, the opponents have surrounded the government and started protesting.
Punjab Chief Minister CM Bhagwant Mann.
Total debt crosses 4 lakh crore rupees by March 2026
The Punjab government has targeted to raise a loan of 34,201.11 crore in this entire financial year. If this target is met, the total outstanding debt on the state will cross 4 lakh crores by March 2026. Currently (by March 2024) Punjab is loans 3.82 lakh crores, which is more than 44% of the state’s GSDP.
Per capita loan 1.33 lakhs
If the population of the state is considered 3 crore, then each citizen will have a loan of 1.33 lakh on an average. In a report presented in Parliament at the beginning of the year, Union Minister of State for Finance Pankaj Chaudhary had said that Punjab is the second highest debt -ridden state in the country if the Debt to GSDP ratio is seen.
Harpal Singh Cheema retaliated on opposition allegations
Finance Minister Harpal Singh Cheema reacted to the allegations made by opposition parties BJP and Shiromani Akali Dal, saying- In June, we invested 2,000 crores for the future of the state, but no one talks about it.
As far as taking loans are concerned, almost all the governments of the country work only by taking loans. I want to make it clear that whatever debt we are taking is within the RBI guidelines and within the permissible limit.