Tamil Nadu Finance Minister Thangam Thenarasu on Monday presented the first supplementary estimates for a sum of ₹3,531 crore for the year 2024-25.

Giving a detailed statement explaining the demands for the supplementary grants in the Legislative Assembly, the minister said the government sanctioned ₹1,635 crore as additional loss funding grant to the Tamil Nadu Power Distribution Corporation Ltd.

This was as per Guidelines for Additional Borrowing Space of 0.50 per cent of GSDP linked to performance in power sector formulated by the Centre.

A sum of ₹1,500 crore was included in the Supplementary Estimates under Demand No 14 – Energy Department. The balance will be met by re-appropriation from savings within the grant.

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The State government also sanctioned a sum of ₹372 crore to the Tamil Nadu Transport Development Finance Corporation Ltd to settle the terminal benefits due to the retired and voluntary retired employees of State Transport Undertakings.

The Tamil Nadu Contingency Fund Act, 1954 has been amended and enhanced the Contingency Fund from ₹150 crore to ₹500 crore vide Act No 6 of 2024. In order to obtain appropriation, ₹350 crore.

The government has sanctioned a sum of ₹70 crore to the Tamil Nadu Co-operative Milk Producers’ Federation as grant for approving incentives to milk producers, the minister said.