In the pandemic period, states having non-BJP governments were facing economic issues. In the matter of GST collection shortfall, the Central government replied to maintain cooperation between the State and Central Government and not to raise a ‘blame game’. It is not a give and take the policy but to work on the same platform togetherly. The two options were laid before the economic shortcoming/pitfall States:
The States will borrow Rs. 97,000 crore and give back the principal money of Rs. 97,000 crore with cess by the year 2022 – 23 fiscal.
The states may borrow the total amount of Rs. 2.35 lakh crore but the interest will be more.
To improve the situation the government has allotted Rs. 4366 crore for 30 projects has been designated. Among them, 12 projects are affiliated to railways of Rs. 2,720 crore which will benefit 10 districts of Bihar, three projects to petroleum and natural gas, eight to housing and urban affairs ministry, three projects of animal husbandry and four of fisheries. The 20 districts will be benefited from it. They are Samastipur, Bhagalpur, Sitamarhi, Katihar, Begusarai, Supaul, Vaishali, Nalanda, Patna, Lakhisarai, Banka, East Champaran, Siwan, Buxar, Saran, Munger, Muzaffarpur, Kishanganj, Madhepura and Purnia. Under Pradhan Mantri Matsya Sampada Yojana (PMMSY), Rs. 20,050 crore has been aimed at the development of fisheries. Among Rs. 4366 crore, Rs. 294.43 crore has been allocated to the development of animal husbandry, agricultural activities and fisheries sectors. These projects will help the panchayat, education sector especially the girl education, rural development, power and water rejuvenation. It has got a good start by the establishment of the foundation stone by Rs. 50,000 crores by Chief Minister Nitish Kumar.