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Get permission to mobilise additional Rs. 15,721 crore Eleven States namely, Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, Meghalaya, Nagaland, Rajasthan and Uttarakhand have achieved the target set by the Ministry of Finance for the capital expenditure in the 1stQuarter of 2021-22. As an incentive, these States have been granted permission by the Department of Expenditure to borrow an additional amount of Rs. 15,721 crore. The additional open market borrowing
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FAQ :
The eleven states that met their targets are Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, Meghalaya, Nagaland, Rajasthan, and Uttarakhand.
These states have been granted permission to borrow an additional Rs. 15,721 crore.
Meeting the targets allows states to borrow an additional amount, equivalent to 0.25% of their GSDP, which helps in further boosting capital expenditure and economic growth.
States needed to achieve at least 15% of their target by the end of Q1, 45% by the end of Q2, 70% by the end of Q3, and 100% by March 31, 2022.
The next review by the Department of Expenditure will be in December 2021, assessing capital expenditure achieved up to September 30, 2021.
Any shortfall in actual capital expenditure for 2021-22 compared to the target will be adjusted from the state's borrowing ceiling for the year 2022-23.
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