Government of India gave Rs 11,092 crores to states to combat COVID-19
New Delhi: To fight the COVID-19 pandemic the central government released Rs. 11,092 crore to State Governments on 3rd April, 2020 from the State Disaster Response Fund (SDRF). The advance was paid to strengthen the States to deal with the pandemic. This was stated by Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in response to a written question asked in the Lok Sabha today.
Among the northeastern states Assam got the largest funding at Rs 386 cr, followed by Arunachal Pradesh at 125 cr. Meghalaya and Mizoram got about Rs 33 cr each. Tripura Rs 34 cr, Manipur got Rs 21 cr, Nagaland Rs 20.5 cr, Sikkim Rs 25 cr.
Giving more details, Shri Thakur said that State Governments have been allowed additional borrowing limit of up to 2 per cent of Gross State Domestic Product (GSDP) for the year 2020-21. As against the additional borrowing limit of 2% of GSDP, consent for borrowing of 0.50 per cent of GSDP amounting to Rs.1,06,830 crore has already been issued to the States to raise Open Market Borrowing (OMB) during the year 2020-21.