Nagaland receives INR 20.50 cr. as 1st instalment from Centre

Dimapur, Sep. 15 (EMN): In view of the Covid-19 pandemic, the government of India released the first instalment of State Disaster Response Fund (SDRF) amounting to INR 11,092 crore to state governments on April 3, 2020 in advance to strengthen the states to deal with the pandemic.
The share of Nagaland was INR 20.50 crore.

This was stated by Anurag Singh Thakur, Union Minister of State for Finance and Corporate Affairs in response to a written question asked in the Lok Sabha on Monday.

Thakur went on to say that state governments have been allowed additional borrowing limit of up to 2% 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 INR 1,06,830 crore has already been issued to the states to raise open market borrowing (OMB) during the year 2020-21, he added.

The minister provided state-wise details of the funds released and details of additional borrowing of 0.5 per cent of GSDP issued to the state for the year 2020-21 in his written reply.