15th Instalment of 6,000 crore released to the States to meet the GST compensation shortfall.
GST
Dated:- 12-2-2021
15th Instalment of ₹ 6,000 crore released to the States to meet the GST compensation shortfall.
A total amount of ₹ 90,000 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 15th 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
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unt of implementation of GST. The borrowings are being done through this window by the Government of India on behalf of the States and UTs. 15 rounds of borrowings have been completed so far starting from 23rd October, 2020.
The amount released this week was the 15th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.5288%. So far, an amount of ₹ 90,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7921%.
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
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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
2062.35
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
887.32
4
Bihar
3231
3484.54
5
Chhattisgarh
1792
1692.60
6
Goa
446
749.50
7
Gujarat
8704
8229.50
8
Haryana
4293
3883.70
9
Himachal Pradesh
877
1532.27
10
Jharkhand
1765
919.50
11
Karnataka
9018
11071.99
12
Kerala
4,522
3467.40
13
Madhya Pradesh
4746
4053.31
14
Maharashtra
15394
10688.59
15
Manipur*
151
0.00
16
Meghalaya
194
99.89
17
Mizoram*
132
0.00
18
Nagaland*
157
0.00
19
Odisha
2858
3410.77
20
Punjab
3033
502
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