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Politics
Himachal MLA Bindal Criticises State Over Fresh ₹600‑Crore Loan
✍️ hindustantimes.com
🗓 03 Oct 2026, 03:01 PM
👁 17
State legislator Bindal publicly condemned the Himachal Pradesh government's decision to secure a fresh loan of ₹600 crore, questioning its fiscal prudence.
Himachal Pradesh MLA Bindal voiced strong opposition to the state government's move to obtain a fresh loan of ₹600 crore. In a public statement, he argued that the additional borrowing could strain the state's finances and undermine fiscal discipline.
The loan, approved by the state finance department, is intended to fund ongoing development projects, though specific allocations were not disclosed in the announcement. Bindal highlighted that the state already carries a substantial debt burden and urged the administration to explore alternative financing options.
He called for greater transparency in the loan approval process and demanded that the government present a detailed repayment plan to the legislature. Bindal warned that unchecked borrowing could affect essential public services and increase the tax burden on citizens.
As of now, the Himachal government has not issued a formal response to Bindal's criticism, leaving the debate over the loan's necessity and impact unresolved.
The loan, approved by the state finance department, is intended to fund ongoing development projects, though specific allocations were not disclosed in the announcement. Bindal highlighted that the state already carries a substantial debt burden and urged the administration to explore alternative financing options.
He called for greater transparency in the loan approval process and demanded that the government present a detailed repayment plan to the legislature. Bindal warned that unchecked borrowing could affect essential public services and increase the tax burden on citizens.
As of now, the Himachal government has not issued a formal response to Bindal's criticism, leaving the debate over the loan's necessity and impact unresolved.