The previous BRS government which made tall claims on transforming Telangana as No.1 state in the country in the industrial sector with its TS-iPASS industrial policy, had left behind arrears amounting to Rs 3,736 crore for mega, medium and small scale industries by the time it demitted office in December 2023, the data obtained from the industries department showed.
The BRS government did not pay industrial incentives worth Rs 3,007 crore to medium and small scale industries and Rs 728 crore to mega industries. It allocated funds for industrial incentives in the Budget every year but did not release the amount.
Even the cheques that were issued for Rs 684 crore to companies towards incentives for previous financial year 2023-24 were lapsed as the industrialists could not claim the incentives due to non-availability of funds in the bank accounts of industries department.