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States borrowing
September 17 , 2021
1168 days
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- The Central government has allowed 11 states to borrow an additional fund of Rs 15,721 crore from the market.
- They achieved the capital expenditure target that finance ministry had set for June quarter the fiscal year 2021-22.
- Additional open market borrowing permission equivalent to 0.25% of their Gross State Domestic Product (GSDP) was granted.
- Out of total net borrowing ceiling of 4% of GSDP, about 0.50% of GSDP has been kept for incremental capital expenditure to be incurred by states during FY22.
- These states are Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, Meghalaya, Nagaland, Rajasthan and Uttarakhand.
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