Shimla, July 27 -- The cash-strapped Himachal Pradesh government will take loan by selling government stock (securities) of Rs.1,000 crore for carrying out development works of the state.

The Himachal Pradesh government has started the process of taking a loan of Rs.1,000 crore by issuing a new notification. This loan is being taken by the state government for 22 years and it will be issued in the form of government securities.

The state government has a debt of Rs.1.03 lakh crore, though the Sukhvinder Singh Sukhu-led Congress government in the state has been blaming Bharatiya Janata Party for fiscal mismanagement and pushing the state into debt trap.

The committed liability of the government on payment of salary and DA to employees a...