Lok Sabha Question No. 3651 (UNSTARRED), answered on 2021-12-20
Subject: Loans Given to Telangana
Ministry: FINANCE
Asked by: Anumula Revanth Reddy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO. 3651 TO BE ANSWERED ON MONDAY 20 th  DECEMBER, 2021 [AGRAHAYANA 29, 1943 (Saka)]

## 'Loans Given to Telangana'

## No. 3651.  Shri Anumula Reventh Reddy:

Will the Minister of Finance be pleased to state:

- (a) the  details  of  loan  given  to  Telangana  by  the  Reserve  Bank  of  India  (RBI), External agencies under Externally Aided Projects and refinancing institutions of the Government during the last five years, year-wise;
- (b) the  details  of  repayment  of  principal  and  interest  by  Telangana  to these  lending institutions during the last five years, year-wise;
- (c) the  details  of  total  public  debt  of  Telangana  which  is  outstanding  as  of  30 th November, 2021; and
- (d) the estimated amount of principal and interest to be paid by Telangana towards the outstanding dues during the financial year 2021-22, 2022-23 and 2023-24, lending institution-wise?

## ANSWER

## THE MINISTER STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

- (a) (i)  The Reserve Bank of India has not provided any loans to the Government of Telangana.  However,  RBI  facilitates  financial  accommodation  in  the  form  of Special Drawing Facility, Ways & Means Advance and Overdraft to supplement the temporary mismatches between receipts and payments. Further, in the last five (5) years, no loan was extended by any external agency or refinancing institution to the Government of Telangana.
- (ii)    Additional  Central  Assistance  for  Externally  Aided  Projects  released  to Telangana  for  the  Financial  Year  2016-17  to  2021-22  (upto  13.12.2021)  is annexed as Table-I.
- (b) Principal  repayment and  interest  paid  during  last  five  (5)  years  on outstandings, upto 12.11.2021 is annexed as Table-II.
- (c) The Public debt of Telangana as on November 30, 2021 stands at ` 2,37,747 crore ( ` 2,34,912 crore internal debt and ` 2,835 crore external debt).
- (d) The estimated amount of Principal and interest payable by Telangana is annexed as Table-III.

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TABLE-I

## ANNEX.

( ` crore)

| Additional Central Assistance - Externally Aided Projects released to the State of Telangana   | Additional Central Assistance - Externally Aided Projects released to the State of Telangana   | Additional Central Assistance - Externally Aided Projects released to the State of Telangana   |
|------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------|
| Year                                                                                           | Loan                                                                                           | Grant                                                                                          |
| 2016-17                                                                                        | 956.12                                                                                         | 30.72                                                                                          |
| 2017-18                                                                                        | 636.68                                                                                         | 0.00                                                                                           |
| 2018-19                                                                                        | 433.36                                                                                         | 0.00                                                                                           |
| 2019-20                                                                                        | 207.46                                                                                         | 0.00                                                                                           |
| 2020-21                                                                                        | -72.66                                                                                         | 0.00                                                                                           |
| 2021-22 (Upto 13-12-2021)                                                                      | 0.00                                                                                           | 0.00                                                                                           |

TABLE-II

| (A) Repayment of Loans by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (A) Repayment of Loans by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (A) Repayment of Loans by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (A) Repayment of Loans by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (A) Repayment of Loans by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (A) Repayment of Loans by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| Name of Multilateral / Bilateral Institutions                                                                                                       | 2017-18                                                                                                                                             | 2018-19                                                                                                                                             | 2019-20                                                                                                                                             | 2020-21                                                                                                                                             | 2021-22                                                                                                                                             |
| Government of Japan (GoJP)                                                                                                                          | 0.00                                                                                                                                                | 25.86                                                                                                                                               | 0.96                                                                                                                                                | 37.42                                                                                                                                               | 29.45                                                                                                                                               |
| International Bank for Reconstruction and Development (IBRD)                                                                                        | 31.73                                                                                                                                               | 44.23                                                                                                                                               | 50.28                                                                                                                                               | 65.32                                                                                                                                               | 32.06                                                                                                                                               |
| International Development Association (IDA)                                                                                                         | 13.79                                                                                                                                               | 17.07                                                                                                                                               | 17.32                                                                                                                                               | 10.57                                                                                                                                               | 6.15                                                                                                                                                |
| Grand Total                                                                                                                                         | 45.52                                                                                                                                               | 87.16                                                                                                                                               | 68.56                                                                                                                                               | 113.31                                                                                                                                              | 67.66                                                                                                                                               |

Note: This includes bifurcated loan liability  consequent  upon  creation  of Telangana, as per extant arrangements. Figures for 2019-20, 2020-21 and 2021-22 are provisional.

| (B) Interest Payments by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (B) Interest Payments by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (B) Interest Payments by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (B) Interest Payments by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (B) Interest Payments by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   | (B) Interest Payments by Government of Telangana to Multilateral / Bilateral Institutions during 2017-18 to 2021-22 (upto 12.11.2021) ( ` crore)   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| Name of Multilateral / Bilateral Institutions                                                                                                      | 2017-18                                                                                                                                            | 2018-19                                                                                                                                            | 2019-20                                                                                                                                            | 2020-21                                                                                                                                            | 2021-22                                                                                                                                            |
| Government of Japan (GoJP)                                                                                                                         | 4.58                                                                                                                                               | 9.09                                                                                                                                               | 6.19                                                                                                                                               | 13.78                                                                                                                                              | 5.96                                                                                                                                               |
| International Bank for Reconstruction and Development (IBRD)                                                                                       | 13.01                                                                                                                                              | 24.92                                                                                                                                              | 33.51                                                                                                                                              | 22.96                                                                                                                                              | 4.56                                                                                                                                               |
| International Development Association (IDA)                                                                                                        | 1.48                                                                                                                                               | 1.94                                                                                                                                               | 2.10                                                                                                                                               | 2.12                                                                                                                                               | 1.33                                                                                                                                               |
| Grand Total                                                                                                                                        | 19.07                                                                                                                                              | 35.95                                                                                                                                              | 41.80                                                                                                                                              | 38.86                                                                                                                                              | 11.85                                                                                                                                              |

Note: The re-payments are on account of loan liability transferred to Telangana consequent upon separation from Andhra Pradesh, as per extant arrangements. Figures for 2019-20, 2020-21 and 2021-22 are provisional.

TABLE-III

## The estimated amount of principal and interest payable by Telangana

( ` crore)

| Name of Multilateral /Bilateral                              | 2021-22   | 2021-22   | 2022-23   | 2022-23   | 2023-24   | 2023-24   |
|--------------------------------------------------------------|-----------|-----------|-----------|-----------|-----------|-----------|
| Institutions                                                 | Principal | Interest  | Principal | Interest  | Principal | Interest  |
| Govt. of Japan (JICA)                                        | 71.37     | 14.37     | 71.36     | 13.67     | 71.36     | 12.98     |
| International Bank for Reconstruction and Development (IBRD) | 63.62     | 7.92      | 63.67     | 5.78      | 63.72     | 5.56      |
| International Development Association (IDA)                  | 19.85     | 2.39      | 18.54     | 2.36      | 18.54     | 2.18      |
| Grand Total                                                  | 154.84    | 24.68     | 153.57    | 21.81     | 153.62    | 20.72     |

Note: The above estimates are subject to variation on account of change in variable rate of interest and exchange rate of the loan currency vs INR

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