Himachal cabinet enhances loan limit of electricity board to Rs 5000 Cr

Five Day winter session at Dharamsala from December 19

Shimla: The Himachal cabinet on Wednesday decided to hold a five day winter session starting from December 19, granted permission for opening 255 timber depots, approved enhancing of loaning limit of state electricity board from Rs 4000 crore to Rs 5000 crore with the government standing surety for an additional Rs 1200 Cr of bonds from banks or financial institutions.

Presided over by chief minister Prem Kumar Dhumal the cabinet decided to recommend to the speaker Vidhan Sabha for convening the winter session at Tapovan complex, Dharamsala from 19th to 23rd December, a cabinet spokesman said.

To revive the furniture industry, the cabinet granted permission for opening 198 timber depots on need basis and re-opening of 57 imported timber depots.

The decision would help timber users to meet their requirement and would go a long way in saving the states forest wealth.

It would also help in giving boost to self employment ventures of the people engaged in furniture manufacturing activities and reopen 301 furniture shops closed down since August 1, 2010, said the spokesman.

Cabinet approved enhancement in the loan procurement limit of Himachal Pradesh State Electricity Board Limited from Rs 4,000 crore to Rs 5,000 crore and also decided to provide guarantee to procure bonds worth Rs 1,200 crore from banks and financial institutions.

Approval for re-demarcation of jurisdiction of Nagar Panchayats of Rewalsar and Sarkaghat in district Mandi was granted for planned and regulated development of the area.

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