9th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
GST
Dated:- 28-12-2020
9th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.
A total amount of ₹ 54,000 crore released so far to all States and UTs with legislation
This is in addition to additional borrowing permission of ₹ 1,06,830 lakh crore granted to the States
The Ministry of Finance has released the 9thweekly 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 release
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ember, 2020, 1st December, 2020, 7th December, 2020, 14th December, 2020, 21st December, 2020 and 28thDecember, 2020.
The amount released this week was the 9th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.1508%.So far, an amount of ₹ 54,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7488%.
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-Ito meet
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tes
Amount of fund raised through special
window passed on to the States/ UTs
1
Andhra Pradesh
5051
1307.43
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
562.60
4
Bihar
3231
2208.94
5
Chhattisgarh
1792
677.04
6
Goa
446
475.12
7
Gujarat
8704
5217.08
8
Haryana
4293
2462.12
9
Himachal Pradesh
877
971.39
10
Jharkhand
1765
367.80
11
Karnataka
9018
7019.23
12
Kerala
4,522
1583.88
13
Madhya Pradesh
4746
2569.63
14
Maharashtra
15394
6776.23
15
Manipur*
151
0.00
16
Meghalaya
194
63.29
17
Mizoram*
132
0.00
18
Nagaland*
157
0.00
19
Odisha
2858
2162.29
20
Punjab
3033
2296.12
21
Rajasthan
5462
1909.72
22
Sikkim*
156
0.00
23
Tamil Nadu
9627
3531.02
24
Telangan
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