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4h ago

Telangana CM Seeks FRBM Relief and Special Corporation to Fund ₹30,000-Crore Education Drive

Formal clearance from the Centre would enable Telangana to move financing for 105 new residential schools plus broader campus upgrades.

Telangana Chief Minister Revanth Reddy meets Union Finance and Corporate Affairs Minister, Nirmala Sitharaman, in New Delhi on Tuesday. (ANI PHOTO)
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Overview

  • A. Revanth Reddy met Nirmala Sitharaman in New Delhi to request permission for a fund‑mobilising special corporation and an exemption from FRBM limits.
  • The plan earmarks ₹21,000 crore to build 105 Young India Integrated Residential Schools for 2,560 students each, targeting about 2.7 lakh seats with a focus on BC, SC, ST and minority students.
  • An additional ₹9,000 crore is proposed to equip junior, degree, technical and higher‑education institutions with modern laboratories and other infrastructure.
  • Construction has begun on four schools and tenders for the remaining campuses are finalised, signalling implementation readiness upon central approvals.
  • The Chief Minister also sought restructuring of high‑interest legacy loans to ease repayments; the CMO said the Union minister responded positively, with formal decisions still pending.