4 Lakh Crore In Debt, Madhya Pradesh Borrows Again To Meet BJP's Promises

This is the latest indication of Madhya Pradesh government's poor financial health and debt mountain as BJP embarks on the tough task of fulfilling poll promises

Less than two weeks after he took oath, Madhya Pradesh Chief Minister Mohan Yadav has sought a Rs 2,000 crore loan from Reserve Bank of India (RBI) to meet the state's expenditures.

This is the latest indication of the state government's poor financial health and growing debt mountain as the ruling BJP embarks on the tough task of fulfilling its promises in the run-up to the recently held Assembly polls. Mr Yadav inherited a debt burden of nearly 4 lakh crore when he took over from former Chief Minister Shivraj Singh Chouhan.