Review of Limits of Way and Means Advances of States

As envisaged in the last Advisory Committee Report on Ways and Means Advances (WMA) Scheme for the State Governments, 2016 (Chairman: Sumit Bose), a review on the current WMA limits has been undertaken. Based on the trends in the utilisation of WMA facilities, it has been decided that the existing limits of WMA will be retained till the review of the limits by the next committee effective from 2020-21 taking into account the then fiscal positions of the States.

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