Borrowing limit of states increased from 3% to 5% of GSDP: FM Sitharaman

New Delhi, May 17 (ANI): Finance Minister Nirmala Sitharaman on May 17 while announcing fifth and final tranche of stimulus package, said Centre has decided to increase borrowing limit of states from 3 per cent to 5 per cent of Gross State Domestic Product (GSDP) for 2020-21. She said, “States have so far borrowed only 14 per cent of the limit which is authorised to them. 86 per cent of the limit remains unutilised. Centre has decided to increase borrowing limit of states from 3 per cent to 5 per cent of Gross State Domestic Product (GSDP) for 2020-21.”