16th Instalment of 5,000 crore released to the States to meet the GST compensation shortfall.
GST
Dated:- 15-2-2021
16th Instalment of ₹ 5,000 crore released to the States to meet the GST compensation shortfall.
A total amount of ₹ 95,000 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 16th weekly instalment of ₹ 5,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of ₹ 4,597.16 crore has been released to 23 States and an amount of ₹ 402.84 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. 16 rounds of borrowings have been completed so far starting from 23rd October, 2020.
The amount released this week was the 16th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.6480%. So far, an amount of ₹ 95,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7831%.
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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21
(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
2167.20
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
932.42
4
Bihar
3231
3661.70
5
Chhattisgarh
1792
1833.65
6
Goa
446
787.61
7
Gujarat
8704
8647.89
8
Haryana
4293
4081.14
9
Himachal Pradesh
877
1610.17
10
Jharkhand
1765
996.13
11
Karnataka
9018
11634.88
12
Kerala
4,522
3729.00
13
Madhya Pradesh
4746
4259.37
14
Maharashtra
15394
11231.97
15
Manipur*
151
0.00
16
Meghalaya
194
104.97
17
Mizoram*
132
0.00
18
Nagaland*
157
0.00
19
Odisha
2858
3584.17
20
Punjab
3033
5405
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