Under PM Modi, no State will receive less funding than it deserves: Nirmala Sitharaman in TN
Kanchipuram, June 25
Union Finance Minister Nirmala Sitharaman has reaffirmed that Prime Minister Narendra Modi's government has consistently maintained a strict stance that no state should receive less funding that it deserves.
Addressing fund allocation in Kanchipuram, Tamil Nadu, she assured that all rightfully due State funds will be released transparently and without fail.
Addressing media personnel, Sitharaman stated, "Prime Minister Narendra Modi has consistently maintained that no State should receive less funding than it deserves."
She assured that the Union Government has been providing the necessary financial support to Tamil Nadu and that funds rightfully due to the State would be released without any hindrance.
The Union Finance Minister expressed happiness over the Tamil Nadu government's stated intention to maintain a cooperative relationship with the Centre. She said such an approach would benefit the state's development.
Sitharaman also addressed specific sectors, highlighting the administrative steps already taken to strengthen the region.
Referring to healthcare infrastructure, the Centre had already conveyed its willingness three years ago to provide all necessary support for establishing medical colleges required by the state, Sitharaman said.
Turning her attention to broader economic practices, the Finance Minister spoke on fiscal management. She noted that loans should be utilised to create permanent assets and generate employment opportunities.
"Borrowed funds should not be used for welfare schemes and subsidy-based assistance alone," Sitharaman said.
She added that borrowed funds should contribute to long-term economic growth and development.
The Finance Minister arrived in Chennai on Wednesday on a two-day visit to Tamil Nadu and Puducherry.
Nirmala Sitharaman's Office posted on X, "Smt@nsitharamanreceived a warm welcome from@BJP4TamilNaduleaders and karyakartas upon her arrival at Chennai Airport."
Following her arrival, the Union Minister left for Kanchipuram district to participate in various scheduled programmes on Thursday. As part of her itinerary, Sitharaman is also expected to visit Puducherry and her engagements are likely to include events related to education, development, and public outreach in Tamil Nadu and Puducherry.
— ANI
Reader Comments
Good to hear the assurance, but actions speak louder than words. Let's see if TN actually gets its GST compensation and other pending dues on time. Been hearing these promises for years now.
I appreciate the focus on using loans for infrastructure and jobs rather than just subsidies. That's the kind of fiscal discipline we need. But hope it doesn't mean cutting welfare for the poor. Balance is key! ☯️
As an outsider looking in, this seems like a positive step. But the real test will be if the funds actually reach Tamil Nadu without bureaucratic hurdles. India's federal structure needs more transparency.
Waah! Modi ji and Sitharaman ji always put the nation first. TN should stop playing politics and focus on development. This cooperative approach will benefit everyone. 🙏
Interesting point about using borrowed funds for permanent assets instead of just welfare. That's actually smart economics—creating jobs now and building for the future. Hope TN's education and health sectors see real investment.
All this talk about medical colleges is great, but ground reality is different. Our district hospital still doesn't have enough doctors. Hope this funding doesn't get lost in bureaucratic maze. 😔
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