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A total amount of Rs.36,000 crore released so far This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States The Ministry of Finance has released the weekly instalment of Rs. 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs.483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu Kashmir Pud
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FAQ :
This week, £6,000 crore was released to the states as the sixth instalment to meet the GST compensation shortfall.
A total of £36,000 crore has been released to the states so far through this scheme.
The Government of India is borrowing this amount on behalf of the states and Union Territories through a special borrowing window.
The amount borrowed this week was at an interest rate of 4.2089%.
Yes, states choosing option-I have been granted additional borrowing permission equivalent to 0.5% of their GSDP to help mobilise financial resources, amounting to £106,830 crore so far.
Arunachal Pradesh, Manipur, Mizoram, Nagaland, and Sikkim do not have a revenue gap on account of GST implementation.
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