RBI increases WMA limit of States/UTs by 28% to ₹60,118 crore

RBI increases WMA limit of States/UTs by 28% to ₹60,118 crore


The RBI said that the Special Drawing Facility (SDF) availed by the State Governments/UTs will be linked to the quantum of their investment in marketable securities issued by the Government including Auctioned Treasury Bills (ATBs).

The RBI said that the Special Drawing Facility (SDF) availed by state governments/union territories will be linked to the quantum of their investment in marketable securities issued by the government, including auctioned treasury bills (ATBs). | Photo Credit: Reuters

The Reserve Bank of India (RBI) on Friday raised the ways and means advances (WMA) limit of state governments and Union Territories from ₹47,010 crore to ₹60,118 crore.

“Taking into account the recommendations made by the Group constituted by the Reserve Bank and comprising select State Finance Secretaries and the expenditure data of States for recent years, it has been decided to revise the WMA limits of State Governments/Union Territories with effect from July 1, 2024,” the RBI said in a circular.

State/UT-wise details of WMA are available on RBI's website. RBI said that the Special Drawing Facility (SDF) availed by the State Governments/UTs will be linked to the quantum of their investment in marketable securities issued by the Government including Auctioned Treasury Bills (ATB).

The last review and announcement of the SDF, WMA and Overdraft (OD) schemes was done on April 1, 2022.


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