Telangana's education reforms to cost Rs 30,000 crore; CM Revanth seeks funds from Centre
Revanth Reddy pointed out that the previous government had borrowed indiscriminately at high interest rates, leaving the state with a heavy repayment load
By - Newsmeter Network
Hyderabad: Telangana Chief Minister A. Revanth Reddy has appealed to Union Finance Minister Nirmala Sitharaman to allow restructuring of state loans and extend financial support for the government’s ambitious education initiatives.
Loan burden on state
Revanth Reddy pointed out that the previous government had borrowed indiscriminately at high interest rates, leaving the state with a heavy repayment load.
He urged the Finance Minister to allow restructuring of loans to ease the fiscal stress. According to the Chief Minister’s Office, Sitharaman responded positively to the request.
Revolutionary changes in education
Seeking the Centre’s support for reforms, the Chief Minister said his government was transforming the education system to benefit BC, SC, ST, and minority students, who together constitute nearly 90 percent of Telangana’s population.
105 Young India schools planned
The government has launched the Young India Integrated Residential Schools project with 105 institutions, one in each Assembly constituency. Work on four schools has already begun, while tenders for the remaining schools have been finalized.
Each school will accommodate 2,560 students, ensuring access to corporate-level education for 2.7 lakh students across the state.
Massive investment in infrastructure
The Chief Minister informed Sitharaman that the project would cost Rs 21,000 crore. An additional Rs 9,000 crore is earmarked to modernise labs, sports facilities, and infrastructure in junior colleges, degree colleges, and technical institutions.
Appeal for Special Corporation
To meet these financial requirements, Revanth Reddy requested permission to establish a special corporation to raise funds and sought an exemption from the Fiscal Responsibility and Budget Management (FRBM) limit.
Education as Long-Term Asset
The Chief Minister emphasised that the state government views education spending as an investment in human capital rather than an expense.
Revanth Reddy was accompanied by Congress MPs Dr. Mallu Ravi, Porika Balaram Nayak, Suresh Shetkar, Chamala Kiran Kumar Reddy, along with State Finance Principal Secretary Sandeep Kumar Sultania and Central Projects and Schemes Coordinating Secretary Gaurav Uppal.
