Telangana Budget: No funds for CM's Mission Bhagiratha, 2BHK projects
FM Etela Rajender said these schemes would be funded by money borrowed from banks and other financial institutions.
Hyderabad: The Telangana State Budget did not allot any funds to Chief Minister K. Chandrasekhar Rao’s pet Water Grid (Mission Bhagiratha) and 2BHK schemes. Finance minister Etela Rajender said the these schemes would be funded by money borrowed from banks and other financial institutions.
This came as a surprise and shock to even TRS leaders who strongly believe that only the Water Grid and 2BHK schemes will help the party retain power in the 2019 Assembly polls.
Read: KG-to-PG scheme missing in Telangana Budget
They contended that launching the two schemes had resulted in the party's superb victories in the recent series of elections.
The housing department had sought Rs 12,000 crore to build the 2 lakh 2BHK houses, but got Rs 860 crore.
Read: Telangana Budget: GHMC, Metro Rail get less money
On the other hand, Mr Rao got Rs 4,675 crore — a nine-fold increase — in the new Budget that will be at his disposal under the Special Development Fund. The SDF of the planning department will be released at the discretion of the CM to MLAs and MLCs for various works without calling for tenders.