Net Borrowing limits for states

Finance Ministry recently announced that States may be able to tap about Rs.2.04 lakh crore as additional borrowings over and above their net borrowing limits for the year.
The Centre had allowed 22 States to raise additional borrowings of almost Rs.61,000 crore this year on top of their net borrowing ceilings of 3% of Gross State Domestic Product.

The extra borrowing ceiling was granted to States who met their pension liabilities by making required contributions to the National Pension System (NPS).

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GS-II : Governance Governance

25 December, 2023
1 Min Read

Net Borrowing limits for states

Finance Ministry recently announced that States may be able to tap about Rs.2.04 lakh crore as additional borrowings over and above their net borrowing limits for the year.
The Centre had allowed 22 States to raise additional borrowings of almost Rs.61,000 crore this year on top of their net borrowing ceilings of 3% of Gross State Domestic Product.
The extra borrowing ceiling was granted to States who met their pension liabilities by making required contributions to the National Pension System (NPS).

Source:

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