GST compensation shortfall released to States reaches 1.04 Lakh crore
GST
Dated:- 1-3-2021
GST compensation shortfall released to States reaches ₹ 1.04 Lakh crore
18th Instalment of ₹ 4,000 crore released to the States on Monday, 1st March, 2021
94 percent of the estimated shortfall released
The Ministry of Finance, Department of Expenditure has on Friday, released the 18th weekly instalment of ₹ 4,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of ₹ 3,677.74 crore has been released to 23 States and an amount of ₹ 322.26 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members o
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a on behalf of the States and UTs. 18 rounds of borrowings have been completed so far starting from 23rd October, 2020.
Under the special window, the Government of India has been borrowing in Government Stock with tenor of 3 years and 5 years. The borrowing made under each tenor is equally divided among all the States as per their GST compensation shortfall.
The amount released this week was the 18th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.7924%. So far, an amount of ₹ 1,04,000 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8236%.
In addition to providing funds through the speci
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wise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States/UTs till 01.03.2021
(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
2306.59
2
Arunachal Pradesh*
143
0.00
3
Assam
1869
992.12
4
Bihar
3231
3897.50
5
Chhattisgarh
1792
2256.59
6
Goa
446
838.38
7
Gujarat
8704
9204.31
8
Haryana
4293
4343.62
9
Himachal Pradesh
877
1713.71
10
Jharkhand
1765
1225.90
11
Karnataka
9018
12383.13
12
Kerala
4,522
4513.40
13
Madhya Pradesh
4746
4533.28
14
Maharashtra
15394
11954.02
15
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