Mumbai, Sep 26 (PTI) The Reserve Bank of India on Friday said the limit for Ways and Means Advances (WMA) for the central government for the second half of the financial year 2025-26 will be Rs 50,000 crore.
The WMA are temporary advances given by the RBI to the central, state governments and UTs to tide over any mismatch in receipts and payments.
The WMA has been decided in consultation with the Government of India, the RBI said in a statement.
“Reserve Bank of India may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit," it added.
The central bank also said that it retains the flexibility to revise the WMA limit at any time taking into consideration the prevailing circumstances.
The interest rate on WMA will be the prevailing