COVID-19 benefits for states extended

On April 17, the central bank had increased the WMA limit by 60 per cent.

Published: 30th September 2020 08:13 AM  |   Last Updated: 30th September 2020 08:13 AM   |  A+A A-

Reserve Bank of India, RBI

Reserve Bank of India. (Photo | PTI)

By Express News Service

NEW DELHI:  The Reserve Bank of India (RBI) on Tuesday extended the duration of increased borrowing limit of all states and Union territories under WMA (Ways and Means Advances) limits and overdraft regulations for states and Union Territories for another six months till March 31, 2021.

On April 17, the central bank had increased the WMA limit by 60 per cent. The RBI has also extended  overdraft regulations where states were allowed to be in overdraft continuously for 21 working days, from 14 days earlier. The number of overdraft days in a quarter were also increased to 50.

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