10th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.
GST
Dated:- 4-1-2021
10th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.
A total amount of ₹ 60,000 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 10thweekly 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 t
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ounds. The amount borrowed so far was released to the States on 23rd October, 2020, 2nd November, 2020, 9th November, 2020, 23rd November, 2020, 1st December, 2020, 7th December, 2020, 14th December, 2020, 21st December, 2020, 28thDecember, 2020 and 04th January, 2021.
The amount released this week was the 10th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.1526%.So far, an amount of ₹ 60,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.6892%.
In addition to providing funds through the special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of
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window passed on to the States/UTs till 04.01.2021
(Rs. in Crore)
S. No.
Name of State / UT
Additional borrowing of 0.50 percent allowed to States
Amount of fund raised through special
window passed on to the States/ UTs
1
Andhra Pradesh
5051
1433.25
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
616.72
4
Bihar
3231
2421.54
5
Chhattisgarh
1792
846.30
6
Goa
446
520.85
7
Gujarat
8704
5719.15
8
Haryana
4293
2699.05
9
Himachal Pradesh
877
1064.87
10
Jharkhand
1765
459.75
11
Karnataka
9018
7694.69
12
Kerala
4,522
1897.80
13
Madhya Pradesh
4746
2816.91
14
Maharashtra
15394
7428.29
15
Manipur*
151
0.00
16
Meghalaya
194
69.39
17
Mizoram*
132
0.00
18
Nagala
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