The Department of Expenditure under Ministry of Finance has granted additional borrowing permission of 28,204 crore rupees to 10 States for undertaking the stipulated reforms in power sector in 2021-22. The states are Andhra Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya, Odisha, Rajasthan, Sikkim, Tamil Nadu and Uttar Pradesh.
Ministry of Finance based on the recommendations of the 15th Finance Commission had decided to grant additional borrowing space of up to 0.5 percent of the Gross State Domestic Product, GSDP to the States every year for a four year period from 2021-22 to 2024-25 based on reforms undertaken by the States in the power sector. This was announced by the Finance Minister in the Budget speech of 2021-22.
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