Financial self-reliance achieved due to policies of Chief Minister Vishnu Dev Sai
Now development will get faster pace
Raipur 25 April 2025: An inspiring and pleasant news has come from Nava Raipur, the capital of Chhattisgarh. Nava Raipur Atal Nagar Vikas Pradhikaran, formerly known as NRDA, is now completely debt-free. The authority has repaid all the debt of Rs 1788 crore, which was taken from the Government of India and several nationalized banks. Along with this, the government guarantee of Rs 100 crore has also been returned to the state government. The credit for this achievement goes to the policies, financial discipline and transparent administration of Chhattisgarh Chief Minister Vishnu Dev Sai. This step will help Nava Raipur in infrastructure development and implementation of new projects. A large scale loan was taken for the development of Nava Raipur, the modern and planned capital of Chhattisgarh. This loan was for land acquisition, construction of roads, government buildings and educational institutions like Hidayatullah University. However, the debt burden and interest payments had affected the cash flow of the Authority. The Chhattisgarh Government, under the leadership of Chief Minister Vishnu Dev Sai, emphasized on financial self-reliance and implemented policies that increased the income of the Authority and paved the way for getting rid of debt. Expressing happiness over this achievement, the Chief Minister said that Nava Raipur Atal Nagar becoming debt-free is a pleasant sign. Through financial discipline, transparency and strategic planning, our government ensured that the Authority not only became debt-free, but also became self-reliant and touched new heights of development. This achievement reflects our commitment to make Nava Raipur a modern, employment-oriented and facility-rich city.
The policies of the Chhattisgarh Government promoted the commercial use of the assets of the Authority. Projects like Medicity, Pharmaceutical Park, Bhoomi Pujan of the semiconductor plant of the country’s renowned Polymatech Company and the initiative to establish the National Institute of Fashion Technology attracted private investment. The Chhattisgarh government has made a provision of Rs 1043 crore for the Nava Raipur Atal Nagar Vikas Pradhikaran in the third supplementary budget of the year 2024-25 and the allocation of additional funds for industrial areas has strengthened the sources of income. Apart from this, relief to traders under the Chhattisgarh Settlement of Outstanding Tax, Interest and Penalty (Amendment) Ordinance-2025 has boosted economic activities, which has indirectly benefited the Nava Raipur Development Authority. With the debt relief, all the assets of the authority are now free of encumbrances, which will make their use and purchase and sale easier. This will improve cash flow and infrastructure, public services and new projects can be implemented faster. The Chief Minister said that this step will make Nava Raipur a center of medical tourism and industrial development. Citizens will get better facilities and new employment opportunities will be created at the local level. This achievement of Nava Raipur Atal Nagar Vikas Pradhikaran is an exemplary example of financial discipline and strategic planning. It is exemplary for other urban development authorities of the country. Chief Minister Sai said that our aim is to not only make Naya Raipur the glorious capital of Chhattisgarh but also to establish it as a model city for the country.
Finance Minister OP Choudhary says that Nava Raipur is going to become the new growth engine of Chhattisgarh’s economy. Today, many institutions like RBI, NABARD and other banks and NTPC regional offices, Balco Cancer Hospital, Satya Sai Hospital have made their debut in Nava Raipur. Nava Raipur is also emerging as a major center in the field of IT. Now industries related to semiconductor, data center sector are also going to be set up here. There is a plan to develop Medicity in an area of about 100 acres to provide national and international level medical facilities in Nava Raipur. It is worth noting that the Chhattisgarh government has also made a budget provision for developing Educity in an area of about 100 acres in the budget for the year 2025-26. The country’s third largest international cricket stadium is here. In view of the increasing development of Nava Raipur, a provision of 40 crores has been made for the upgradation, operation and maintenance work of the Integrated Command and Control Center. A provision of Rs 20 crore has been made for building Developed India Iconic Destination, Rs 10 crore for e-bus services, Rs 20 crore for sewerage treatment plant, Rs 37 crore for establishing Science City and Rs 20 crore for construction of library. There is a provision for construction of commercial office complex at a cost of Rs 156 crore for developing plug and play office space. Space for 2000 IT jobs has been allotted to Tele Performance, Square Business, CSM companies in CBD Commercial Tower. There is also a budget provision for setting up SDM and new tehsil office in Nava Raipur.
