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RBI-State Government Borrowings - Clarification

April, 10th 2020
There are certain media reports that the Government of India has allowed States to avail up to 50% of their borrowing requirement for the Financial Year 2020-21, in April 2020 itself. In this connection, the communication issued by Government of India on the subject is available at the following link: https://doe.gov.in/whatsnew/goi-consent-under-art-293-3-raising-omb-states-during-2020-21 (Yogesh Dayal) Chief General Manager Press Release : 2019-2020/2201