14th Instalment of 6,000 crore released to the States to meet the GST compensation shortfall
GST
Dated:- 3-2-2021
14th Instalment of ₹ 6,000 crore released to the States to meet the GST compensation shortfall
A total amount of ₹ 84,000 crore released so far to all States and UTs with legislature
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 14th 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 ₹ 483.40 crore has been released to the 3 Un
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t of implementation of GST. The borrowings are being done through this window by the Government of India on behalf of the States and UTs. 14 rounds of borrowings have been completed so far starting from 23rd October, 2020.
The amount released this week was the 14th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.6144%. So far, an amount of ₹ 84,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7395%.
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 pe
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(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
1936.53
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
833.20
4
Bihar
3231
3271.94
5
Chhattisgarh
1792
1523.34
6
Goa
446
703.77
7
Gujarat
8704
7727.43
8
Haryana
4293
3646.77
9
Himachal Pradesh
877
1438.79
10
Jharkhand
1765
827.55
11
Karnataka
9018
10396.53
12
Kerala
4,522
3153.48
13
Madhya Pradesh
4746
3806.03
14
Maharashtra
15394
10036.53
15
Manipur*
151
0.00
16
Meghalaya
194
93.79
17
Mizoram*
132
0.00
18
Nagaland*
157
0.00
19
Odisha
2858
3202.69
20
Punjab
3033
4571.52
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