Chief Minister Shri Vishnu Deo Sai’s Policies led to the Debt-Free Status achieved today
Accelerated Development in the Capital City
Raipur (thestates.news) | Nava Raipur Atal Nagar Development Authority, formerly known as NRDA, has officially become debt-free. The Authority has successfully repaid the entire outstanding debt of Rs 1,788 crore, which had been borrowed from the Government of India and various nationalised banks. In addition, a government guarantee of Rs 100 crore has been returned to the state government. This milestone has been attributed to the financial prudence, policy-driven governance, and transparent administration of Chief Minister Shri Vishnu Deo Sai.
This achievement is expected to accelerate the pace of infrastructure development and the execution of new projects in Nava Raipur.
Nava Raipur, the modern and meticulously planned capital of Chhattisgarh, had availed substantial loans for its development—primarily for land acquisition, construction of roads, government buildings, and institutions such as the Hidayatullah National Law University. However, the burden of debt and the consequent interest payments had strained the Authority’s cash flow. Under the leadership of Chief Minister Shri Vishnu Deo Sai, the Chhattisgarh government emphasised financial self-reliance and implemented policies that enhanced revenue and paved the way for debt elimination.
Expressing his satisfaction over the development, Chief Minister Shri Sai said that the debt-free status of the Nava Raipur Atal Nagar Development Authority is a positive indicator. “Through financial discipline, transparency, and strategic planning, we have ensured not only debt relief for the Authority but also charted its course towards self-sufficiency and new heights of development,” he said. He added that this milestone reflects the government’s commitment to transforming Nava Raipur into a modern, employment-oriented city with world-class amenities.
The policies of the Chhattisgarh government encouraged the commercial utilisation of the Authority’s properties. Initiatives such as the proposed Medi-City, a Pharmaceutical Park, the foundation of a semiconductor plant by renowned firm Polymatek, and the establishment of the National Institute of Fashion Technology have significantly boosted private investments. The state government, through the third supplementary budget of 2024–25, allocated Rs 1,043 crore to the Nava Raipur Atal Nagar Development Authority along with additional funding for industrial areas, thus strengthening revenue channels. Furthermore, the Chhattisgarh Arrears Tax, Interest and Penalty Settlement (Amendment) Ordinance-2025 provided relief to traders and spurred economic activities, which indirectly benefited the Authority.
With the debt cleared, all properties of the Authority are now unencumbered, facilitating easier transactions and commercial utilisation. This will improve cash flow and enable faster implementation of infrastructure projects, public services, and new initiatives. Chief Minister emphasised that this will transform Nava Raipur into a hub for medical tourism and industrial development, while simultaneously creating better facilities and generating local employment.
The success of the Nava Raipur Atal Nagar Development Authority stands as a shining example of financial discipline and strategic governance. It serves as a model for other urban development authorities across the country. Chief Minister Shri Sai affirmed the government’s vision of making Nava Raipur not only the pride of Chhattisgarh but also a model city for the entire nation.
Finance Minister Shri OP Choudhary highlighted that Nava Raipur is poised to become the new growth engine of Chhattisgarh’s economy. Institutions such as the RBI, NABARD, regional offices of NTPC, the Balco Cancer Hospital, and the Sri Sathya Sai Sanjeevani Hospital have already been established here. Nava Raipur is also emerging as a major centre for the IT sector, with upcoming projects in semiconductor manufacturing and data centres. A Medi-City is being planned over 100 acres to offer world-class medical services at both national and international levels.
Significantly, in the state budget for 2025–26, the Chhattisgarh government has made provisions for developing an “Edu-City” across approximately 100 acres. Nava Raipur already houses the third-largest international cricket stadium in India. In view of the city’s growing importance, Rs 40 crore has been allocated for the upgrade, operation, and maintenance of the Integrated Command and Control Centre. Additional allocations include Rs 20 crore for the Viksit Bharat Iconic Destination Project, Rs 10 crore for e-bus services, Rs 20 crore for a sewage treatment plant, Rs 37 crore for the establishment of a Science City, and Rs 20 crore for a library.
A commercial office complex, designed as plug-and-play office spaces, is also being developed at a cost of Rs 156 crore. In the CBD Commercial Tower, space has been allocated to companies such as Teleperformance, Square Business, and CSM, expected to generate 2,000 IT-based employment opportunities. Budget provisions have also been made for the establishment of a new SDM and tehsil office in Nava Raipur.
This remarkable transformation positions Nava Raipur as a beacon of sustainable urban development and reflects the Chhattisgarh government’s long-term vision for progress, prosperity, and public welfare.
