23 states got ₹ 1.06 lakh Crore extra through special reforms: PM

  • Prime Minister Narendra Modi stated that the states were able to raise an additional ₹ 1.06 lakh Crore in 2020-21 due to the implementation of a set of special reforms that allowed for them to borrow more from the Centre.

  • This was revealed in a blog titled, "Reforms by Conviction and Incentives", where he stated that 23 states borrowed this amount from the potential rs 2.14 lakh crore.

  • He further wrote that this access to additional resources was made possible because of Centre-State bhagidaari (cooperation).

  • This came after in 2020, the Centre had announced that it had allowed for enhanced borrowing under the Aatmanirbhar Bharat package. An extra 2 per cent of Gross Domestic Product of states was allowed, of which 1 per cent was conditional to the implementation of certain economic reforms.

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