(THE GIST OF PIB) Government’s Borrowing plan for first half of FY 2024-25

(MARCH-2024)

The Government of India, with the Reserve Bank of India, announces borrowing plans of ₹7.50 lakh crore for H1 FY 2024-25, including Sovereign Green Bonds.

The Government of India, in consultation with the Reserve Bank of India, has finalized its borrowing programme for the first half (H1) of FY 2024-25.
Out of the projected Rs.14.13 lakh crore borrowing for FY 2024-25, Rs.7.50 lakh crore (53.08%) will be borrowed in H1 through dated securities, including ₹12,000 crore through Sovereign Green Bonds (SGrBs).
A new 15-year tenor dated security will be introduced.
The gross market borrowing of Rs.7.50 lakh crore will be completed through 26 weekly auctions spread over various maturities ranging from 3 to 50 years.
The Government will carry out switching of securities to smoothen the redemption profile.
A greenshoe option of up to Rs.2,000 crore against each security in the auction notifications will be retained.
Weekly borrowing through Treasury Bills in Q1 of FY 2024-25 is expected to be Rs.27,000 crore for the first seven auctions and Rs.22,000 crore for the subsequent six auctions with net borrowing of ₹(-)3,000 crore.
The Ways and Mean Advances (WMA) limit for H1 of FY 2024-25 has been set at Rs.1.50 lakh crore by the Reserve Bank of India.