Finance Ministry has granted additional borrowing permission of 7,309 crore rupees to Rajasthan and Andhra Pradesh for undertaking the reforms in power sector.
Finance Ministry said, Rajasthan has been allowed to borrow additional five thousand 186 crore rupees while Andhra Pradesh has been allowed to borrow additional two thousand 123 crore rupees. The objectives of the additional borrowing permissions are to improve the operational and economic efficiency of the sector and promote a sustained increase in paid electricity consumption. Power Ministry is the nodal Ministry for assessment of performance of States and determining their eligibility for granting additional borrowing permission.
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