12th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall
GST
Dated:- 18-1-2021
12th Instalment of ₹ 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.
A total amount of ₹ 72,000 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, Department of Expenditure has released the 12th weekly instalment of ₹ 6,000 crore to the States today 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 ₹
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10 Lakh crore in revenue arising on account of implementation of GST. The borrowings are being done through this window by the Government of India on behalf of the States and UTs. 12 rounds of borrowings have been completed so far starting from 23rd October, 2020.
The amount released this week was the 12th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.4315%. So far, an amount of ₹ 72,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7024%.
In addition to providing funds through the special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of Ind
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passed on to the States/UTs till 18.01.2021
(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
1684.89
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
724.96
4
Bihar
3231
2846.74
5
Chhattisgarh
1792
1184.82
6
Goa
446
612.31
7
Gujarat
8704
6723.29
8
Haryana
4293
3172.91
9
Himachal Pradesh
877
1251.83
10
Jharkhand
1765
643.65
11
Karnataka
9018
9045.61
12
Kerala
4,522
2525.64
13
Madhya Pradesh
4746
3311.47
14
Maharashtra
15394
8732.41
15
Manipur*
151
0.00
16
Meghalaya
194
81.59
17
Mizoram*
132
0.00
18
Nagaland*
157
0.00
19
Odisha
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