7th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
GST
Dated:- 14-12-2020
7th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
A total amount of ₹ 42,000 crore released so far to all States and UTs with legislation
This is in addition to additional borrowing permission of ₹ 1,06,830 granted to the States
The Ministry of Finance has released the 7th weekly instalment of ₹ 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 5,516.60 crore has been released to 23 States and an amount of ₹ 483.40 crore has been released to the 3
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0, 1st December, 2020, 7th December, 2020 and 14th December, 2020.
The amount released this week was the 7th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.1348%. So far, an amount of ₹ 42,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7712%.
In addition to providing funds through the special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 % of Gross States Domestic Product (GSDP) to the states choosing Option-I to meet GST compensation shortfall to help them in mob
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ed on to the States/ UTs
1
Andhra Pradesh
5051
1055.79
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
454.36
4
Bihar
3231
1783.74
5
Chhattisgarh
1792
338.52
6
Goa
446
383.66
7
Gujarat
8704
4212.94
8
Haryana
4293
1988.26
9
Himachal Pradesh
877
784.43
10
Jharkhand
1765
183.90
11
Karnataka
9018
5668.31
12
Kerala
4,522
956.04
13
Madhya Pradesh
4746
2075.07
14
Maharashtra
15394
5472.11
15
Manipur*
151
0.00
16
Meghalaya
194
51.09
17
Mizoram*
132
0.00
18
Nagaland*
157
0.00
19
Odisha
2858
1746.13
20
Punjab
3033
1385.96
21
Rajasthan
5462
1408.42
22
Sikkim*
156
0.00
23
Tamil Nadu
9627
2851.46
24
Telangana
5017
559.02
25
Tripura
297
103.50
26
Uttar Prad
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