The West Bengal Government has decided to borrow Rs 1000 crore from market.According to official sources the loan will be taken for ten years maturity and the process of borrowing will start through Reserve Bank of India from Monday.The borrowed money will be utilized for the developmental work of the state.AIR correspondent reports that the West Bengal Government has borrowed money from market over Rs. 14056 crore in the current financial year to cope up with the bad financial situation in the state.
News On AIR | November 18, 2013 9:51 PM
West Bengal Govt to borrow Rs 1000 cr from market