Reform boost, states can take additional borrowing of Rs 1 lakh crore: PM
Posted on Wednesday 23rd June, 2021 by Ankit
By undertaking specified reforms stipulated by the Centre, 23 states could borrow an additional Rs 1.06 lakh crore in FY21, Prime Minister Narendra Modi revealed in a blog posted on LinkedIn on Tuesday, PM flagged this as proof that there were many takers among states of sound economic policies. The aggregate borrowing permission granted to states for 2020-21 was 4.5% of the initially estimated GSDP. 23 states could borrow an additional Rs 1.06 lakh crore in FY21.
Source: Financial ExpressEconomy