<h1>Assam Government Secures Rs 24,000 Crore Loan in 2023-24, Maintains 24% Debt-to-GSDP Ratio Under Legal Limit</h1> The Assam government secured a loan of over Rs 24,000 crore in the fiscal year 2023-24, as disclosed by the state Finance Minister. The government has been actively repaying its debts, with Rs 6,924 crore repaid in the same period. The loan amounts have progressively increased from Rs 5,649 crore in 2016-17 to Rs 21,602 crore in 2022-23. These loans were sourced from markets and financial organizations, including NABARD. Despite rising loans, the state has maintained a debt-to-GSDP ratio of 24 percent, staying below the 32 percent limit set by the Assam Fiscal Responsibility and Budget Management Act.