The RBI stated Particular Drawing Facility (SDF) availed by State Governments/ UTs will proceed to be linked to the quantum of their investments in marketable securities, issued by the Authorities, together with Public sale Treasury Payments (ATBs).
| Photograph Credit score: Reuters
The Reserve Financial institution of India (RBI) on Friday elevated the Methods and Means Advances (WMA) limits of State governments and Union territories to ₹60,118 crore from ₹47,010 crore.
“Based mostly on the suggestions made by the Group constituted by the Reserve Financial institution and consisting of choose state Finance Secretaries and taking into consideration the expenditure information of the states for the latest years, it has been determined to revise the WMA limits of the State Governments/ UTs, efficient from July 1, 2024,” the RBI stated in a round.
State/UT smart breakup of the WMA is out there on RBI’s web site. The RBI stated Particular Drawing Facility (SDF) availed by State Governments/ UTs will proceed to be linked to the quantum of their investments in marketable securities, issued by the Authorities, together with Public sale Treasury Payments (ATBs).
SDF, WMA and Overdraft (OD) schemes have been final reviewed and introduced on April 1, 2022.
