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Top borrower state in 2024
April 6 , 2024
26 days
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- Tamil Nadu has ended fiscal 2023-24 with gross market borrowings at ₹1,13,000 crore.
- Thus, it was emerging the top borrowing State for the fourth successive fiscal year.
- Maharashtra stood next with borrowings of ₹1,10,000 crore, Uttar Pradesh at ₹97,700 crore, Karnataka at ₹81,000 crore, Rajasthan at ₹73,600 crore and Andhra Pradesh at ₹68,400 crore.
- The States, including Tamil Nadu, borrow from the market by auctioning bonds known as State Development Loans (SDL).
- Tamil Nadu’s gross market borrowings remained at ₹87,000 crore in fiscal 2022-23, as well as in fiscal 2021-22.
- The State government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25.
- The outstanding debt as on March 31, 2025 will be ₹8,33,361.80 crore, according to Tamil Nadu Budget for 2024-25.
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