RBI Extends Credit to States by 60% over 31 March 2020

[RBI Press Release: 2019-2020/2233 dated 17^th April 2020]

Sub: Review of Limits of Way and Means Advances (WMA) of States/UTs

RBI had announced an increase in the WMA limit of the States on April 1, 2020. With a view to providing greater comfort to the States to undertake COVID-19 containment and mitigation efforts and enable them to better plan their market borrowings, it has been decided to

· increase the WMA limit of the States by 60% over and above the level as on March 31, 2020

· The increased limit will be available till September 30, 2020.