Telangana Govt rescheduled its borrowings, apparently to meet Rythu Bharosa commitment
The government, which proposed to raise ₹14,000 crore for the April-June quarter of the current fiscal (2025-26), has in fact raised ₹17,400 crore till date, with just one week left for the end of the quarter. It has raised a huge ₹8,500 crore in auction of securities conducted by the RBI in June alone, raising ₹1,500 crore on June 3, ₹3,000 crore on June 10 and ₹4,000 crore on June 17 to ensure that there is no dearth of funds for disbursal under Rythu Bharosa.
This was against the proposed market borrowings in the indicative calendar of auction of securities wherein the Government indicated that it would raise Rs. 4,000 crore in two instalments of Rs. 2,000 crore each in April and Rs. 5,000 crore each in May and June taking the total borrowings for the quarter to Rs. 14,000 crore.
The government, however, appears to have altered the quantum and dates of its participation in the auction of securities to ensure that adequate funds are available for crediting the first instalment of Rythu Bharosa into farmers' accounts. The government participated in the auctions of securities conducted in April and May, raising ₹8,900 crore in for meeting its immediate needs given the tight financial situation it has been facing.
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Economic Times
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Time of India
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