The stand out states are Kerala, Goa and Uttarakhand, which have applied all 4 required reform measures, adopted by Andhra Pradesh, Odisha, Madhya Pradesh and Telangana, which have applied a minimum of three of the 4 measures.
West Bengal refused to conform, stated sources, including that Maharashtra too didn’t elevate a request to extend the borrowing limits, indicating that both it didn’t want additional funds or was nonetheless to realize compliance in some areas. Delhi was not counted as a state for this train.
The Centre had elevated the borrowing limits for states from 3% of the GSDP to five%. Out of this, 1% was linked to exhibiting progress on 4 units of reform measures. The potential quantity at play inside this 1% was 2.14 lakh crore, of which permissions have been given for Rs 1.06 lakh crore, which exhibits extra room continues to be obtainable for borrowing.
The 4 units of reform measures had been — implementing nationalised ration card scheme, eradicating authorities discretion for ease of doing enterprise by making renewal of licences underneath 12 industrial legal guidelines digital and bringing in a randomised course of for choosing factories for inspection, setting a minimal ground charge by city native our bodies for property and sewerage tax, and rationalising electrical energy subsidy via DBT to farmers.
Each of these elements weigh 25% within the matrix for granting approval to reinforce borrowing limits. So far, Rs 37,600 crore have been granted for implementing the nationalised ration card scheme and Rs 39,521 crore for implementing ease of doing enterprise legal guidelines.
Once approval is granted, states are free to utilise the borrowed funds for any goal, not like capital expenditure schemes underneath the AatmaNirbhar Bharat, that are tied to particular capital intensive tasks.