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RBI increases WMA limits
April 12 , 2021
1323 days
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- The Reserve Bank of India has increased the limit for Way and Means Advances (WMA) for the State Governments/UTs from Rs. 32,225 crores (fixed in February 2016) to Rs. 47,010 crores based on the recommendation of a committee headed by Shri Sudhir Shrivastava. This represents an increase of about 46%.
- RBI has extended the enhanced interim WMA limit of ₹ 51,560 crores for a further period of six months i.e., from April 1, 2021, up to September 30, 2021.
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