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Revanth Reddy Seeks Loan Restructuring in Meeting With PM’s Economic Adviser

He urged relief on legacy high-interest loans inherited from the BRS era to unlock funding for Telangana’s 2047 development vision.

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Overview

  • Chief Minister A. Revanth Reddy hosted EAC-PM chair Prof. S. Mahendra Dev at his Jubilee Hills residence on July 12.
  • He stressed cooperative federalism as essential for decentralised growth and national progress.
  • Reddy formally requested that the Centre reschedule high-interest loans inherited from the previous administration and grant rate relief to free up revenue for development projects.
  • Prof. Mahendra Dev pledged that the Prime Minister’s Economic Advisory Council would offer policy advice and support for Telangana’s ‘Rising 2047’ growth roadmap.
  • Despite repeated visits to Delhi, formal approvals for marquee urban infrastructure projects such as Hyderabad Metro Phase II and the Regional Ring Road are still awaited.