Bihar Government Faces Financial Strain Amid Promises of Support for Women and Free Schemes; Future Solutions Needed

Bihar is currently facing a major financial crisis, with the government struggling under the weight of its welfare schemes. The 10 thousand scheme, which was popular during elections, is now a huge responsibility for the state. Promises like free electricity and financial aid for women have caused significant stress on Bihar’s finances.

The situation is serious, as every person in Bihar now carries an average debt of around Rs 27,769. The total debt of the Bihar government has reached a staggering Rs 3 lakh 61 thousand crores, and this number keeps rising. The government’s attempt to fund these free schemes has left its treasury gasping for breath.

One of the biggest concerns is finding money to support these plans. The state government has already had to present two supplementary budgets in a year. The latest budget of Rs 91,717 crore includes a significant allocation for women but lacks clarity on how the rest of the schemes will be funded.

The financial implications of giving Rs 2 lakh to women are enormous. If this promise is fulfilled for 1.40 crore women, it will cost Rs 2.8 lakh crore, which is almost 88% of Bihar’s current budget. This raises questions about the sustainability of such schemes under the current economic conditions.

Experts believe that unless the central government steps in with financial assistance, Bihar may face severe cuts in development projects. This situation could lead to difficulties in paying salaries to government employees and pensions to retirees. If the trend continues, it may lead to a significant economic crisis in the state.