The Rural Electrification Corporation (REC) and the PFC each contributed Rs 16,070 crore towards the project's total loan funding of Rs 29,965 crore. "An analysis was done," he continued. According to what we know, telangana is on the verge of bankruptcy. At the press conference, Singh was joined by state bjp president and Union minister G. Kishan Reddy.
Singh stated that the Union finance ministry deals with matters relating to Fiscal Responsibility and Budget Management regulations. "We cannot grant loans if they are outside of the FRBM limitations. We will delay financing if there are worries that the loans won't be repaid, he added. He claimed that during the past ten years, the PFC and REC sanctioned loans totaling Rs 1,10,000 crore and Rs 1,57,306 crore for telangana, of which Rs 91,000 crore and Rs 1,37,606 crore were released by the PFC and the REC, respectively.
Singh refuted accusations made by BRS and the state administration that the Centre had ordered the installation of meters for agricultural connections. That is an outright untruth. We advocated for meters on all connections, excluding agricultural ones, he stated. He claimed that because it was unable to provide the farm sector with the promised 24-hour power, the administration was attempting to divert attention.
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