RBI to raise ₹2.54L/cr for states and UTs Apr-Jun 2026
The RBI is rolling out a big borrowing plan, ₹2.54 lakh crore, for states and Union Territories between April and June 2026, making sure they have enough funds to run things smoothly in the new financial year.
The RBI manages these borrowings through regular auctions, keeping the state debt market steady and organized.
Nine states try benchmark issuance strategy
For the first time, nine states (like Andhra Pradesh and Maharashtra) will try out the Benchmark Issuance Strategy, borrowing ₹1,53,900 crore in a more transparent way using set maturity periods.
The rest of the states and union territories will stick with traditional borrowing for ₹1,00,609 crore.
Plus, if needed, the RBI can modify auction dates and specific amounts, in consultation with the relevant state governments/UTs, to keep markets calm and avoid any surprises, helping everyone stay on track financially.