The State government continued to depend on the financial accommodation facilities provided by the Reserve Bank of India for most part of the previous financial year 2022-23.
The State availed funds through special drawing facility (SDF), ways and means advances (WMA) and overdraft (OD) in March on the lines of previous months. Funds to the tune of ₹581.17 crore were availed through the special drawing facility for 24 days and drawl through ways and means advances accounted to ₹1,422.24 crore over 21 of the 31 days of March. The State government resorted to overdraft facility for 12 days drawing an amount totalling to ₹895.23 crore during the month.
The situation was no different in February when the State utilised special drawing facility for all the 28 days amounting to ₹651.36 crore and ways and means advances of ₹1,418.16 crore on 25 of the 28 days of the month. An amount of ₹736.51 crore was drawn through overdraft during the month, according to the RBI bulletin.
