Industry And Cluster | News & Insights

State Government Borrowings – 17 Nov 2020

Published: November 23, 2020
Author: TEXTILE VALUE CHAIN

 

 

9 states raised a total of Rs.8,716 crores at the auction of state government securities or state development loans (SDLs) held today. The entire notified amount was raised at the auction.

So far in the current fiscal year (7 Apr-17 Nov’20), 28 states and 2 UTs have cumulatively raised a total of Rs.4.72 lakhs crores via market borrowings, 49% more than the borrowings in the corresponding period of 2019-20 (Rs. 3.16 lakh crores). As per the borrowing calendar for the first 3 quarters of 2020-21 (Apr-Dec), the states are to borrow Rs. 5.07 lakhs crores. States have already borrowed 93% of this amount.

The average weekly SDL borrowings has been Rs.14,328 crores so far in 2020-21 and ranged between Rs.5,200 – 32,560 crores.

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