The Finance Ministry said during a handout . the govt borrowed the cash at an rate of interest of 5.19 per cent. Tenor of borrowing is predicted to be broadly within the range of three to five years, the ministry added.
The central government agreed to borrow up to Rs. 1.1 lakh crore on behalf of the states to bridge the shortfall in GST collections.
The borrowing won’t have any impact on the fiscal deficit of the govt and therefore the amounts are going to be reflected because the capital receipts of the State Governments.
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