{"id":25481,"date":"2021-01-18T19:06:11","date_gmt":"2021-01-18T13:36:11","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=25481"},"modified":"2021-01-18T19:06:11","modified_gmt":"2021-01-18T13:36:11","slug":"rs-6000-crore-given-to-the-states-as-loan-to-help-in-the-gst-compensation-shortfall","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/rs-6000-crore-given-to-the-states-as-loan-to-help-in-the-gst-compensation-shortfall\/","title":{"rendered":"Rs.6,000 crore given to the States as loan to help in the GST compensation shortfall"},"content":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964<\/a><\/p>

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Rs.6,000 crore given to the States as loan to help in the GST compensation shortfall
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\nJanuary 18th<\/span><\/h4>\n<\/div>\n
The Ministry of Finance, Department of Expenditure has released the 12th<\/sup> weekly instalment of Rs. 6,000 crore to the States to help the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (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. 65 % of the total estimated GST compensation shortfall has been released to the States & UT with Legislative Assembly. Out of this, an amount of Rs. 65,582.96 crore has been released to the States and an amount of Rs. 6,417.04 crore has been released to the 3 UTs with Legislative Assembly. The Government of India had made a special borrowing window in October, 2020 to meet the estimated shortfall of Rs.1.10 Lakh crore in revenue arising on account of implementation of GST. The borrowings are being done through this window by the Government of India on behalf of the States and UTs.\u00a0 12 rounds of borrowings have been completed so far starting from 23rd<\/sup> October, 2020. The amount released this week was the 12th<\/sup> instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.4315%. So far, an amount of Rs.72,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7024%.\u00a0 In addition to giving 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-I to meet GST compensation shortfall to help them in mobilising additional financial resources. All the States have given their preference for Option-I. Permission for borrowing the entire additional amount of Rs.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 through special window and released to the States and Union Territories so far is annexed.<\/div>\n

State 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 18.01.2021<\/strong><\/p>\n

(Rs. in Crore)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
S. No.<\/strong><\/td>\nName of State \/ UT<\/strong><\/td>\nAdditional borrowing of 0.50 percent allowed to States<\/strong><\/td>\nAmount of fund raised through special window passed on to the States\/ UTs<\/strong><\/td>\n<\/tr>\n
1<\/td>\nAndhra Pradesh<\/td>\n5051<\/td>\n1684.89<\/td>\n<\/tr>\n
2<\/td>\nArunachal Pradesh*<\/td>\n143<\/td>\n0.00<\/td>\n<\/tr>\n
3<\/td>\nAssam<\/td>\n1869<\/td>\n724.96<\/td>\n<\/tr>\n
4<\/td>\nBihar<\/td>\n3231<\/td>\n2846.74<\/td>\n<\/tr>\n
5<\/td>\nChhattisgarh<\/td>\n1792<\/td>\n1184.82<\/td>\n<\/tr>\n
6<\/td>\nGoa<\/td>\n446<\/td>\n612.31<\/td>\n<\/tr>\n
7<\/td>\nGujarat<\/td>\n8704<\/td>\n6723.29<\/td>\n<\/tr>\n
8<\/td>\nHaryana<\/td>\n4293<\/td>\n3172.91<\/td>\n<\/tr>\n
9<\/td>\nHimachal Pradesh<\/td>\n877<\/td>\n1251.83<\/td>\n<\/tr>\n
10<\/td>\nJharkhand<\/td>\n1765<\/td>\n643.65<\/td>\n<\/tr>\n
11<\/td>\nKarnataka<\/td>\n9018<\/td>\n9045.61<\/td>\n<\/tr>\n
12<\/td>\nKerala<\/td>\n4,522<\/td>\n2525.64<\/td>\n<\/tr>\n
13<\/td>\nMadhya Pradesh<\/td>\n4746<\/td>\n3311.47<\/td>\n<\/tr>\n
14<\/td>\nMaharashtra<\/td>\n15394<\/td>\n8732.41<\/td>\n<\/tr>\n
15<\/td>\nManipur*<\/td>\n151<\/td>\n0.00<\/td>\n<\/tr>\n
16<\/td>\nMeghalaya<\/td>\n194<\/td>\n81.59<\/td>\n<\/tr>\n
17<\/td>\nMizoram*<\/td>\n132<\/td>\n0.00<\/td>\n<\/tr>\n
18<\/td>\nNagaland*<\/td>\n157<\/td>\n0.00<\/td>\n<\/tr>\n
19<\/td>\nOdisha<\/td>\n2858<\/td>\n2786.53<\/td>\n<\/tr>\n
20<\/td>\nPunjab<\/td>\n3033<\/td>\n3661.36<\/td>\n<\/tr>\n
21<\/td>\nRajasthan<\/td>\n5462<\/td>\n2661.67<\/td>\n<\/tr>\n
22<\/td>\nSikkim*<\/td>\n156<\/td>\n0.00<\/td>\n<\/tr>\n
23<\/td>\nTamil Nadu<\/td>\n9627<\/td>\n4550.36<\/td>\n<\/tr>\n
24<\/td>\nTelangana<\/td>\n5017<\/td>\n1206.87<\/td>\n<\/tr>\n
25<\/td>\nTripura<\/td>\n297<\/td>\n165.00<\/td>\n<\/tr>\n
26<\/td>\nUttar Pradesh<\/td>\n9703<\/td>\n4379.49<\/td>\n<\/tr>\n
27<\/td>\nUttarakhand<\/td>\n1405<\/td>\n1688.73<\/td>\n<\/tr>\n
28<\/td>\nWest Bengal<\/td>\n6787<\/td>\n1940.83<\/td>\n<\/tr>\n
 <\/td>\nTotal (A):<\/strong><\/td>\n106830<\/strong><\/td>\n65582.96<\/strong><\/td>\n<\/tr>\n
1<\/td>\nDelhi<\/td>\nNot applicable<\/td>\n4275.94<\/td>\n<\/tr>\n
2<\/td>\nJammu & Kashmir<\/td>\nNot applicable<\/td>\n1656.36<\/td>\n<\/tr>\n
3<\/td>\nPuducherry<\/td>\nNot applicable<\/td>\n484.74<\/td>\n<\/tr>\n
 <\/td>\nTotal (B):<\/strong><\/td>\nNot applicable<\/strong><\/td>\n6417.04<\/strong><\/td>\n<\/tr>\n
 <\/td>\nGrand Total (A+B)<\/strong><\/td>\n106830<\/strong><\/td>\n72000.00<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964 Rs.6,000 crore given to the States as loan to help in the GST compensation shortfall January 18th The Ministry of Finance, Department of Expenditure has released the 12th weekly instalment of Rs. 6,000 crore to the States to help the […]<\/p>\n","protected":false},"author":6,"featured_media":25484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[14112,12873],"class_list":["post-25481","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-000-crore-given-to-the-states-as-loan-to-help-in-the-gst-compensation-shortfall","tag-rs-6"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t