Out of these, five States did not have any shortfall on account of GST compensation. Today, the Central Government borrowed and transferred Rs.6,000crores as first tranche to 16 States namely Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhandand 2 Union Territories: UT of Delhi and UT of Jammu and Kashmir.
The borrowing is at an interest rate of 5.19 percent. It is intended to make weekly releases of Rs.6,000 crore to the States . Tenor of borrowing is expected to be broadly in the range of 3 to 5 years.Follow Punekar News: