Tamil Nadu is yet to borrow from the market so far in fiscal 2023. The State government had indicated that it will borrow ₹23,500 crore in the first quarter (April-June) 2022-23, as per the details released by the Reserve Bank of India.
Experts said this may be due to change in guidelines related to the permission for market borrowings in FY2023 granted by the Centre to States. The States including Tamil Nadu borrow from the market through auction of bonds known as State Development Loans (SDL).