Lok Sabha Question No. 126 (UNSTARRED), answered on 2023-12-04
Subject: Loan Borrowed by Andhra Pradesh
Ministry: FINANCE
Asked by: Kinjarapu Ram Mohan Naidu

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF EXPENDITURE

## LOK SABHA

## UNSTARRED QUESTION NO. 126 TO BE ANSWERED ON MONDAY, 4 th  DECEMBER, 2023 13 AGRAHAYANA, 1945 (SAKA)

## Loan Borrowed by Andhra Pradesh

## 126. SHRI RAM MOHAN NAIDU KINJARAPU:

Will the Minister of FINANCE be pleased to State:

- (a) the total  amount of loans borrowed by the Andhra Pradesh Government from the Reserve Bank of India (RBI) in various forms during the past four financial years;
- (b) whether the Ministry of Finance possess any information regarding the loans obtained by the Andhra Pradesh Government from different sources in the market over the last four years, if so, the details thereof along with the sources of these loans; and
- (c) Whether the Government has the data of current debts of Andhra Pradesh, if so, the details thereof giving a comprehensive overview of the debt trends in the State during the past four years?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE

## (SHRI PANKAJ CHAUDHARY)

(a) and (b) As per Reserve Bank of India's report titled 'State finances: A study of budgets of 2022-23', the details of amount of loans taken by the State Government of Andhra Pradesh at the end of  March 2020, March 2021, March 2022 (RE) and March 2023 (BE) are as follows:

|   S. No. | Composition                                                                                                                                                                                          |   2019-20 (Actual) |   2020-21 (Actual) | 2021-22 (Revised Estimate)   | 2022-23 (Budget Estimate)   |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------------|------------------------------|-----------------------------|
|        1 | Market Loans raised though the Reserve Bank of India (RBI)                                                                                                                                           |              42415 |              50896 | 46443*                       | 57478 *                     |
|        2 | Loans from National Bank for Agriculture and Rural Development (NABARD), National Cooperative Development Corporation (NCDC), Life Insurance Corporation (LIC), State Bank of India (SBI) and Others |               1200 |               1977 | 1600                         | 2400                        |
|        3 | Loans and Advances from the Centre                                                                                                                                                                   |               2030 |               4563 | 3976                         | 5000                        |

In addition the State Government of Andhra Pradesh has informed off-budget borrowing of Rs. 22,549.50 crore during Financial Year (FY) 2020-21, Rs. 6,287.74 crore during FY 202122,  Rs.  1,976.22  crore  during  FY  2022-23  by  the  State  Public  Sector  companies/corporations, Special purpose vehicles (SPVs) and other equivalent instruments, where principal and/or interest are to be serviced out of the State Budgets and/or by assignment of taxes/cess or any other State's revenue.

- (c) As per Reserve Bank of India's report titled 'State finances: A study of budgets of 202223', the details of total outstanding liabilities and year-wise increase in outstanding liabilities of the  State  Government  of  Andhra  Pradesh  at  the  end  of  March  2020,  March  2021,  March  2022 (RE) and March 2023 (BE) are as follows:

(Rs. In crore)

|   S. No. | Particulars                                   | 2019-20 (Actual)   | 2020-21 (Actual)   | 2021-22 (RE)   | 2022-23 (BE)   |
|----------|-----------------------------------------------|--------------------|--------------------|----------------|----------------|
|        1 | Total outstanding liabilities                 | 3,07,672           | 3,53,021           | 3,93,718       | 4,42,442       |
|        2 | Year-wise increase in outstanding liabilities | 16.3%              | 14.7%              | 11.5%          | 12.4%          |