Rajasthan Housing Board employees’ organization has alleged that high-ranking officials in the finance department are attempting to acquire 1,000 crore. This amount is being sought through the Rajasthan State Power Finance Services and Finance Services Corporation Limited.
Although the government intends to provide this loan at an interest rate of 7.1%, employees argue that the government’s treasury is already depleted, making it unlikely that the funds will be returned. Consequently, members of the Housing Board Employees Union have been staging continuous protests wearing black attire. Employees claim that the government has launched several schemes, and it is looking to secure funding from government entities for these projects.
The Board has already allocated 300 crore rupees under pressure, while an additional demand for 700 crore rupees is pending. The organization’s secretary-general, Pradeep Sharma, disclosed that the Housing Board still owes 2,700 crore to the Housing Corporation. However, the treasury currently holds only 1,400 crore. Therefore, a previously allocated 1,300 crore is already exhausted. He stated that in recent years, the Housing Board has sold assets worth 30,000 crore for less than half their value.
In this context, further government funding could potentially hinder Housing Board projects. The organization’s United Secretary-General, Govind Natani, revealed that the government is attempting to pressure the Housing Board into taking funds, which is contrary to the organization’s rules.
