WB demands Rs 2.55-trn debt relief package from 14th Fin Comm

The state government also urged the Commission to write off the central loan of Rs 14,339 crore (administered by the Ministry of Finance) which would likely to be outstanding till March 31, 2015, the minister said.

“We also sought the Centre's intervention for rescheduling the 10-year State Development Loan (SDL) to a longer period of 15 to 20 years with a three year interest moratorium,” Mitra said.

Demand has also been made by the state government for a Special Purpose Grant of Rs 51,000 crore for servicing the stock of National Small Scale Fund (NSSF) loans outstanding as on March 31, 2013 during the 2015-20 period, he said.