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A total amount of Rs.54,000 crore released so far to all States and UTs with legislation This is in addition to additional borrowing permission of Rs.1,06,830 lakh crore granted to the States The Ministry of Finance has released the 9thweekly 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 Legis
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FAQ :
The latest, ninth, instalment released was Rs.6,000 crore.
A total of Rs.54,000 crore has been released to states and UTs so far.
The shortfall is being funded through a special borrowing window set up by the Government of India, which borrows money on behalf of the states and UTs.
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 5.1508%.
States have been granted permission to borrow an additional amount equivalent to 0.50% of their Gross States Domestic Product (GSDP) to mobilise further financial resources.
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