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Tamil Nadu as topper market borrowings than other states

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Tamil Nadu as topper market borrowings

  • As per Reserve Bank of India (RBI)’s Data, Tamil Nadu state has been as topper state in the terms of market borrowings among States in the country. Tamil Nadu raised ₹30,500 crores in the fiscal 2020-21 and it means it accounted for 17 per cent of total of the borrowings done via the issue of bonds (known as state development loans).
  • followed by Maharashtra with 25,500 crores, Andhra Pradesh with 17,000 crores and Rajasthan with 17,000 crores accounted 14 percent, 9 per cent and 9 per cent respectively.

Note :

  • Tamil Nadu collected bonds worth of 1,250 crores at the low-interest rate of 6.63per cent for the 35-year period.and they also recieved the three-year bonds at the rate of 4.54 per cent during auction. the auction was organized by RBI.

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