Union Finance Ministry has granted permission to raise additional financial resources of Rs. 9,913 crore to five states through Open Market Borrowings.
These States are Andhra Pradesh, Telangana, Goa, Karnataka and Tripura.
The permission has been accorded after these States successfully met the reform condition of implementation of One Nation One Ration Card System.
This permission allows Karnataka to raise Rs. 4,509 crore whereas Andhra Pradesh can borrow Rs. 2,525 crore.
Telangana has been permitted to borrow Rs. 2,508 crore while Goa can raise Rs. 223 crore and Tripura Rs. 148 crore.
In view of the unprecedented pandemic the Central Government had in May allowed additional borrowing limit of up to 2 percent of Gross State Domestic Product to the States for the current financial year.
This made an amount of up to Rs. 4,27,302 crore available to the States.
WhatsApp us