Hyderabad, Feb 11 (UNI) Andhra Pradesh Chief Minister Y S Rajasekhara Reddy today said it was necessary to sell the unutilised government lands to raise funds for various developmental and welfare programmes for the benefit of the people.
The Chief Minister while reviewing the development said funds were necesary for developmental activities.
Dr Reddy said the government had limitations in raising loans for the developmental activities and the loans should not exceed Rs 9000 crore every year. Telugu Desam Party(TDP) had sold several lands at a cheaper rates during their tenure in 1999 by introducing an Act, he added.
He said the government had taken sufficient lands for the future requirement of the state. It had been selling the lands transparently and was constructing 25-lakh houses for the poor this year, he added.
The Chief Minister said ''for the development of the city, the government had earmarked Rs 18,000 crore and Rs 8000 crore for metro rail.'' He said the government was focusing on Industrial growth to generate employment. The state had occupied second position after Gujarat in Industrial growth and development, as per the Reserve Bank of India(RBI) rating, he added.
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