Ranchi: The Jharkhand government has sought a financial grant of ₹3.03 lakh crore from the 16th Finance Commission to drive inclusive and comprehensive development across the state.
During a detailed presentation to the Commission—currently on a four-day visit to Jharkhand—state ministers and top officials outlined the challenges faced by Jharkhand and proposed a roadmap to strengthen infrastructure, social welfare, and economic growth.
The presentation was made in the presence of Finance Commission Chairman Arvind Panagariya and other members.
The Jharkhand delegation argued that despite being rich in minerals and natural resources, the state has not received adequate central support in proportion to its contribution to the national economy. The officials stressed the need for special financial assistance to bridge developmental gaps and bring Jharkhand on par with more developed states.
Out of the total ₹3.03 lakh crore requested, the state has sought:
- ₹2.01 lakh crore for infrastructure projects, including roads, bridges, urban development, transport, energy, industry, and tourism.
- ₹44,447 crore for the social sector
- ₹41,388 crore for agriculture, forestry, and water resource management
- ₹17,918 crore for home affairs, Panchayati Raj, land reforms, and revenue administration
Finance Minister Radha Krishna Kishore, along with Higher Education, Urban Development & Tourism Minister Sudivya Kumar Sonu, and Water Resources Minister Yogendra Prasad, led the discussions.
After the meeting, Minister Sonu said, “The Commission carefully reviewed our needs and challenges. Their response appeared encouraging.”
Water Resources Minister Prasad added, “We presented a clear picture of Jharkhand’s aspirations. We’re hopeful that the Commission will support our development goals.”
He further stated, “This grant will be crucial in transforming Jharkhand and ensuring balanced development across all regions of the state.”
WIth inputs from IANS