Gujarat, UP and Uttarakhand Get Assistance of Rs 9,905 Crore

Gujarat, UP and Uttarakhand Get Assistance of Rs 9,905 Crore

Ministry of Finance has confirmed that Gujarat, Uttar Pradesh and Uttarakhand have reported completion of “Ease of Doing Business” reforms stipulated by the Department of Expenditure. The number of States successfully completing the “Ease of Doing Business” reforms have increased to 15.

Accordingly, the Department of Expenditure has granted permission to these three States to raise additional financial resources of Rs 9,905 crore through Open Market Borrowings.

Earlier, Department for Promotion of Industry and Internal Trade (DPIIT) had confirmed that Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Tamil Nadu and Telangana completed this reform.

So far, on completion of reforms facilitating ease of doing business, these 15 States have been granted additional borrowing permission of Rs 38,088 crore.

However, total reform linked additional borrowing permission issued to the States stands at Rs 86,417 crore.

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Knowledge Source:

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