PM Says 23 States Got Rs. 1.06 lakh Crore Extra Through Special Reforms

In a blog titled "Reforms by Conviction and Incentives", Prime Minister Narendra Modi wrote that 23 states availed of additional borrowings of Rs. 1.06 lakh crore out of a potential Rs. 2.14 lakh crore.

States were able to raise an extra Rs 1.06 lakh crores in 2020-21 through implementing a set of reforms that allowed them to borrow more from the Centre, Prime Minister Narendra Modi said today. In a blog titled "Reforms by Conviction and Incentives", he wrote that 23 states availed of additional borrowings of Rs.1.06 lakh crore out of a potential Rs. 2.14 lakh crore. "This significant increase in availability of resources was made possible by an approach of Centre-State bhagidari," PM Modi wrote. In May 2020, the Centre had announced that states would be allowed enhanced borrowing for 2020-21 as part of the Aatmanirbhar Bharat (Self-Reliant India) package. An extra 2 per cent of Gross Domestic Product of states was allowed, of which 1 per cent was conditional to the implementation of certain economic reforms.