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Two more States - Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall 25 States and all Union Territories with Legislative Assembly have favoured Option-I Kerala and West Bengal will get Rs. 10,197 crore through special borrowing window to meet the GST implementat
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FAQ :
Option-1 is a scheme where states and union territories can receive funds to meet revenue shortfalls caused by GST implementation through a special borrowing window facilitated by the Indian government.
Kerala and West Bengal will receive Rs. 10,197 crore through the special borrowing window to address their GST implementation shortfall.
Kerala has been granted permission to raise an additional Rs. 4,522 crore, and West Bengal has received permission for an additional Rs. 6,787 crore, which is 0.5% of their respective GSDPs.
As of the latest update, 25 states and all 3 Union Territories with Legislative Assemblies (Delhi, Jammu & Kashmir, and Puducherry) have chosen Option-1.
The special borrowing window has been operational since 23rd October 2020.
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