Cash-strapped Punjab government raises Rs 1,000 cr loan, issues SDL bonds
PTC News Desk: The Punjab government has raised a loan of Rs 1,000 crore in the month of September. The government has also issued SDL bonds to raise the loans.
Despite refuting the claims of worsening treasury situation, the government has been constantly raising loans for the last six months.
The government issued the notification September 18 and issued the SDL at a rate of 6.98 percent, with which a loan of Rs 1,000 crore was raised from the market. The Punjab government is to repay this loan over the next 8 years and the loan is to be repaid by September 29, 2033.
- PTC NEWS
