Auction of bonds issued by the state is carried out by RBI.
In the first quarter of the fiscal year 2025-26, the Tamil government plans to borrow 20,000 crore in the first quarter of the fiscal year 2025-26.
States, including Tamil Nadu, receive funds through the issue of bonds known as loans for the development of state development (SDL). Auctions for bonds perform RBI. The bonds are issued for various tenure and states must repay the principal together with interest in maturity.
In his budget speech of 2025-26 last month, Finance Minister Thangharas said that estimates of acceptance and repayment of loans were completed on the basis of the total borrowing ceiling determined by the Indian government.
During 2025-26, Tamil Nadu plans to lend a total of 1,62,096,76 Crore and repay 55,844.53 crore. As a result, excellent lending to 31. March 2026 will be 9,29,959,30 GBP, he stressed.
In budget estimates 2025-26, the ratio of debt to gross state domestic product (GSDP) was expected to be 26.07%, well within 28.70% prescribed under the 15th Financial Commission.
According to RBI, the total market loans of state governments and trade unions for April-June 2025 are expected to be 2 73 255 Crore 2 73 255 GBP.
According to ICRA, Maharashtra reported the highest amount of gross loans of 50,000 crore for the first quarter of 2025-26. She also said that the total loan plan for the first quarter of 2025-26 is 87.4% higher than the first quarter of 2024-25.
Bihar, Gujarat, Maharashtra, West Bengal and Uttar Pradesh represent almost three quarters of incremental loans for the first quarter of 2025-2026, she added.
In the fiscal year 2024-25 (until January), the gross market loans were Tamil Nadu according to 88,025 Crore according to RBI data. After the installment was modified, clean loans were 6.175 crore.
Published – April 5, 2025 9:26
