Shimla
In Himachal Pradesh, which is facing economic crisis and disaster, the debt problem is increasing and it has crossed one lakh. Now the Sukhu government is going to take a loan again. A notification has been issued in this regard.
According to the information, the Sukhu government of Himachal Pradesh has started the process of taking a loan of Rs 1000 crore. For this, the state government issued a notification on 24 July 2025. This loan will be taken for 22 years, and it will be launched in the market in the form of government securities. The auction of government stock will be held on 29 July 2025 at the Mumbai office of the Reserve Bank of India (RBI). This process will be conducted through the E-Kuber electronic platform from 10:30 am to 11:30 am.
The notification issued by the Principal Secretary of the Finance Department, Devesh Kumar, said that the state government has received the formal approval of the Central Government for this loan. The notification said that this amount will be spent on various development schemes running in the state. The successful bidders in the auction will have to make the payment on July 30, 2025. From this day onwards, the 22-year term of the stock will be considered to start, which will end on July 30, 2047. The interest rate on this stock will be decided during the auction, which is called “cut-off yield.” The interest will be paid twice a year—on January 30 and July 30.
