So far in the current fiscal year (7 Apr-6 Oct'20), 28 states and two union territories (UTs) have cumulatively raised a total of Rs 3.75 lakh crore through market borrowings. This is 55 per cent more than the borrowings of Rs 2.43 lakh crore in the corresponding period last year.
As per the borrowing calendar for the first three quarters of 2020-21, states are to borrow Rs 5.07 lakh crore, of which, nearly 75 per cent have already been raised.
In first half of fiscal year 2021, borrowings of state governments were 16 per cent (Rs 48,115 crore) more than the amount as per the borrowing calendar for the period.
A majority of states have seen a notable increase in their borrowings. States such as Karnataka, Maharashtra, Nagaland and Tamil Nadu have seen an increase of over 100 per cent, from year ago period.
Eight states namely Madhya Pradesh, Meghalaya, Goa, Assam, Uttrakhand, Andhra Pradesh, Odisha and Chhattisgarh have seen a rise of 50-100 per cent.
Further, states such as Sikkim, Telangana, Jammu & Kashmir, Kerala, Rajasthan, Haryana, Gujarat, West Bengal and Mizoram have seen a growth of 23-36 per cent in their borrowings.
States such as Arunachal Pradesh, Bihar, Jharkhand, Himachal Pradesh, Punjab, Manipur, Uttar Pradesh and Tripura have seen a fall in their borrowings during the period.