Amount released to States to combat COVID-19

 Amount released to States to combat COVID-19
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New Delhi, Sep 14: Keeping in view the Covid-19 Pandemic, the Government of India released the 1st instalment of State Disaster Response Fund (SDRF) amounting to ₹ 11,092 crore to State Governments on April 3 in advance to strengthen the States to deal with the pandemic.

This was stated by Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in response to a written question asked in the Lok Sabha today.

Giving more details, Thakur said that State Governments have been allowed additional borrowing limit of up to 2 per cent of Gross State Domestic Product (GSDP) for the year 2020-21. As against the additional borrowing limit of 2% of GSDP, consent for borrowing of 0.50 per cent of GSDP amounting to ₹ 1,06,830 crore has already been issued to the States to raise Open Market Borrowing (OMB) during the year 2020-21.

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