States' borrowing capacity raised from 3% of GDP to 5% for 2020-21 only, says FM

States' borrowing capacity raised from 3% of GDP to 5% for 2020-21 only, says FM

May 17, 2020
New Delhi, May 17: Finance Minister Nirmala Sitharaman on Sunday said that states net borrowing ceiling for 2020-21 is Rs 6.41 lakh crore based on 3% of GSDP. "75 percent of thereof was authorised to them in March 2020

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