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TN liquidity position 2023-24
July 11 , 2024
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- The Reserve Bank of India (RBI) recently increased the Ways and Means Advances (WMA) limit for Tamil Nadu from ₹3,601 crore to ₹4,582 crore.
- In recent years, Tamil Nadu has not utilised the short-term borrowing facility.
- This is an indication that the State has adequate liquidity.
- The RBI provides short-term financial assistance to States in the form of WMA.
- This helps states to overcome temporary mismatches in the cash flow of their receipts and payments.
- At the end of April 30, 2024, the State government had an investment of ₹3,964 crore in auction treasury bills.
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