9911796707
TMI Blog10th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall.X X X X Extracts X X X X X X X X Extracts X X X X ..... 10th Instalment of 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. X X X X Extracts X X X X X X X X Extracts X X X X ..... al borrowing permission of ₹ 1,06,830 crore granted to the States The Ministry of Finance has released the 10thweekly instalment of ₹ 6,000 crore to the States 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 Union Territories (UT) with Legislative As ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council. The remaining 5 States, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation. Now, more than 50 percent of the estimated GST compensation shortfall has been released to the States & UT with Legislative Assembly. The Government of Indiahad set up a spec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ial borrowing window in October, 2020 to meet the estimated shortfall of ₹ 1.10 lakh crore in revenue arising on account of implementation of GST. The borrwoings are being done through this window by the Government of India on behalf of the States and UTs. The borrowings have been done in 10 rounds. The amount borrowed so far was released to the States on 23rd October, 2020, 2nd November, 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 20, 9th November, 2020, 23rd November, 2020, 1st December, 2020, 7th December, 2020, 14th December, 2020, 21st December, 2020, 28thDecember, 2020 and 04th January, 2021. The amount released this week was the 10th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.1526%.So far, an amount of ₹ 60,000 crore has been borrowed by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Central Government through the special borrowing window at an average interest rate of 4.6892%. 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 permission equivalent to 0.50 % of Gross States Domestic Product (GSDP) to the states choosing Option-Ito ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... meet GST compensation shortfall to help them in mobilising additional financial resources. All the States have been given their preference for Option-I. Permission for borrowing the entire additional amount of ₹ 1,06,830 crore (0.50 % of GSDP) has been granted to 28 States under this provision. The amount of additional borrowing permission granted to 28 States and the amount of funds raised ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through special window and released to the States and Union Territories so far is annexed. Statewise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States/UTs till 04.01.2021 (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... passed on to the States/ UTs 1 Andhra Pradesh 5051 1433.25 2 Arunachal Pradesh* 143 0.00 3 Assam 1869 616.72 4 Bihar 3231 2421.54 5 Chhattisgarh 1792 846.30 6 Goa 446 520.85 7 Gujarat 8704 5719.15 8 Haryana 4293 2699.05 9 Himachal Pradesh 877 1064.87 10 Jharkhand 1765 459.75 11 Karnataka 9018 7694.69 12 Kerala 4,522 1897.80 13 Madhya ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pradesh 4746 2816.91 14 Maharashtra 15394 7428.29 15 Manipur* 151 0.00 16 Meghalaya 194 69.39 17 Mizoram* 132 0.00 18 Nagaland* 157 0.00 19 Odisha 2858 2370.37 20 Punjab 3033 2751.20 21 Rajasthan 5462 2160.37 22 Sikkim* 156 0.00 23 Tamil Nadu 9627 3870.80 24 Telangana 5017 947.73 25 Tripura 297 140.40 26 Uttar Pradesh 9703 3725.41 ..... X X X X Extracts X X X X X X X X Extracts X X X X .....
27
Uttarakhand
1405
1436.55
28
West Bengal
6787
1458.37
Total (A):
106830
54549.76
1
Delhi
Not applicable
3637.32
2
Jammu & Kashmir
Not applicable
1408.98
3
Puducherry
Not applicable
403.94
Total (B):
Not applicable
5450.24
Grand Total (A+B)
106830
60000.00
* These States have 'NIL' GST compensation gap X X X X Extracts X X X X X X X X Extracts X X X X
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