8th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
GST
Dated:- 21-12-2020
8th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
A total amount of ₹ 48,000 crore released so far to all States and UTs with legislation
This is in addition to additional borrowing permission of ₹ 1,06,830 crore granted to the States
The Ministry of Finance has released the 8th 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
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r, 2020, 1st December, 2020, 7th December, 2020, 14th December, 2020 and 21st December, 2020.
The amount released this week was the 8th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.1902%. So far, an amount of ₹ 48,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.6986%.
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 sh
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hrough special window passed on to the States/ UTs
1
Andhra Pradesh
5051
1181.61
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
508.48
4
Bihar
3231
1996.34
5
Chhattisgarh
1792
507.78
6
Goa
446
429.39
7
Gujarat
8704
4715.01
8
Haryana
4293
2225.19
9
Himachal Pradesh
877
877.91
10
Jharkhand
1765
275.85
11
Karnataka
9018
6343.77
12
Kerala
4,522
1269.96
13
Madhya Pradesh
4746
2322.35
14
Maharashtra
15394
6124.17
15
Manipur*
151
0.00
16
Meghalaya
194
57.19
17
Mizoram*
132
0.00
18
Nagaland*
157
0.00
19
Odisha
2858
1954.21
20
Punjab
3033
1841.04
21
Rajasthan
5462
1659.07
22
Sikkim*
156
0.00
23
Tamil Nadu
9627
3191.24
24
Telangana
5017
688.59
25
Tripura
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