Out of this, Rs 5,516.60 crore has been released to 23 states and Rs 483.40 crore has been provided to the 3 Union Territories (UTs) with Legislative Assembly (Delhi, Jammu & Kashmir and 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 income on account of GST implementation, it mentioned.
“The amount has been borrowed this week at an interest rate of 4.15 per cent. So far, an amount of Rs 60,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.68 per cent,” the statement mentioned.
The borrowings below the unique window have been completed in 10 rounds and the quantity borrowed so far was released to the states on October 23, November 2, November 9, November 23, December 1, December 7, December 14, December 21, December 28, 2020, and January 4, 2021.
In addition to offering funds by way of the unique borrowing window to meet the shortfall in income on account of GST implementation, the Centre has also granted more borrowing permission equivalent to .50 per cent of gross state domestic item (GSDP) to the states to support them in mobilising more monetary sources.
Permission for borrowing the whole more quantity of Rs 1,06,830 lakh crore (.50 per cent of GSDP) has been granted to 28 states below this provision, the statement added.