Central Government Releases Rs 6000 crore as GST Compensation

Ministry of Finance has confirmed that it has released sixth installment of Rs 6000 crore loan to the states to meet the GST compensation shortfall.

The Government has borrowed this amount at an interest rate of 4.2089 percent on behalf of the States and UTs through a special borrowing window to meet the estimated shortfall of Rs.1.10 lakh crore.

Out of Rs 6000 crore released this week, an amount of Rs 5,516.60 crore has been given to 23 states and Rs 483.40 crore has been released to the 3 union Territories.

A total of Rs 36000 crore has been released so far.

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