Quick Summary
7th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall A total amount of Rs.42,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of Rs.1,06,830 granted to the Stat
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FAQ :
The 7th weekly instalment released was Rs.6,000 crore.
A total of Rs.42,000 crore has been released to states and Union Territories so far.
The funds are being released as a back-to-back loan to meet the GST compensation shortfall experienced by the states.
Arunachal Pradesh, Manipur, Mizoram, Nagaland, and Sikkim did not receive funds as they do not have a revenue gap due to GST implementation.
The amount borrowed this week was at an interest rate of 5.1348%.
Yes, in addition to the special borrowing window, the government has granted additional borrowing permission equivalent to 0.50% of Gross States Domestic Product (GSDP) to states choosing Option-I.
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