Mission Bhagiratha To Finish In 3 Years, But No Budget
Telangana Finance Minister Etela Rajender said loans would fund the Rs. 40,000-crore cost of the initiative, and it has no budgetary support.
Hyderabad | 14th March 2016
The ambitious project of the TRS government Mission Bhagiratha, conceived by Chief Minister K Chandrashekar Rao to provide safe and adequate drinking water to the people in Telangana, with an estimated expenditure of Rs. 40,000 crores, will be completed in the next three years.
Disclosing this in his budget speech in the Telangana Assembly on Monday, Finance Minister Etela Rajender said that so far administrative sanction had already been accorded for works amounting Rs. 36,976.54 crores.
"Nearly 6,100 villages are likely to receive water from Mission Bhagiratha by December this year, and efforts are being made to cover nearly 95% of the villages in the state by December 2017," he added.
The Finance Minister said that innovative extra-budgetary options had been drawn up to fund the entire cost of Mission Bhagiratha, with committed financial assistance from HUDCO, NABARD, Bank of India and other financial institutions.
filed in: Telangana Assembly, Budget 2016, Budget Session, Water Supply, Telangana, Assembly Sessions