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Date : Dec 31, 2024

Indicative Calendar of Market borrowings by State Governments/ Union Territories for the Quarter January – March 2025

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter January – March 2025, is expected to be Rs.4,73,477.00 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:

Month

Proposed Date

Expected quantum of borrowing (in Rs. Cr)

States/UTs who have confirmed participation and the tentative amount of borrowing (in Rs. Cr)

January, 2025

January 07, 2025

37000

Andhra Pradesh

3000

Assam

900

Bihar

2000

Goa

100

Gujarat

3000

Haryana

1000

Himachal Pradesh

1000

Karnataka

4000

Kerala

2000

Maharashtra

4000

Punjab

2000

Rajasthan

1000

Tamil Nadu

2000

Telangana

3000

Uttarakhand

500

Uttar Pradesh

3000

West Bengal

4500

January 14, 2025

24719

Bihar

2000

Haryana

1000

Jammu and Kashmir

300

Jharkhand

1000

Karnataka

4000

Maharashtra

5000

Mizoram

119

Punjab

500

Tamil Nadu

1000

Telangana

2000

Tripura

300

Uttar Pradesh

3000

West Bengal

4500

January 21, 2025

36750

Assam

500

Bihar

2000

Goa

100

Haryana

1000

Jharkhand

1000

Karnataka

4000

Kerala

1000

Madhya Pradesh

7500

Maharashtra

5000

Nagaland

300

Odisha

1000

Puducherry

350

Rajasthan

1000

Tamil Nadu

1000

Telangana

2500

Uttarakhand

1000

Uttar Pradesh

3000

West Bengal

4500

January 28, 2025

48588

Andhra Pradesh

1000

Bihar

2000

Chhattisgarh

1000

Goa

100

Gujarat

2000

Haryana

2000

Jharkhand

1000

Karnataka

4000

Kerala

1000

Madhya Pradesh

7500

Maharashtra

4000

Punjab

500

Rajasthan

5000

Sikkim

488

Tamil Nadu

6000

Telangana

2500

Uttar Pradesh

3000

West Bengal

5500

February, 2025

February 04, 2025

37900

Andhra Pradesh

2000

Assam

900

Bihar

2000

Chhattisgarh

1000

Gujarat

2000

Haryana

1000

Himachal Pradesh

500

Karnataka

4000

Kerala

2000

Maharashtra

5000

Punjab

2000

Rajasthan

1000

Tamil Nadu

3000

Telangana

3000

Uttarakhand

500

Uttar Pradesh

3000

West Bengal

5000

February 11, 2025

29619

Bihar

2000

Haryana

1500

Jammu and Kashmir

200

Jharkhand

1000

Karnataka

4000

Kerala

1000

Maharashtra

4000

Mizoram

119

Odisha

1000

Punjab

500

Rajasthan

1000

Tamil Nadu

3000

Telangana

2000

Tripura

300

Uttar Pradesh

3000

West Bengal

5000

February 18, 2025

34159

Assam

900

Bihar

2000

Goa

100

Gujarat

2000

Haryana

1000

Jammu and Kashmir

200

Jharkhand

1000

Karnataka

4000

Madhya Pradesh

7500

Manipur

200

Meghalaya

193

Nagaland

400

Puducherry

166

Punjab

500

Tamil Nadu

3000

Telangana

2500

Uttarakhand

500

Uttar Pradesh

3000

West Bengal

5000

February 25, 2025

49907

Andhra Pradesh

1000

Bihar

1546

Chhattisgarh

1000

Goa

100

Gujarat

1000

Haryana

1000

Jharkhand

1000

Karnataka

4000

Kerala

2000

Madhya Pradesh

7500

Maharashtra

5000

Odisha

2000

Punjab

500

Rajasthan

5000

Sikkim

761

Tamil Nadu

6000

Telangana

2500

Uttar Pradesh

3000

West Bengal

5000

March, 2025

March 04, 2025

40350

Andhra Pradesh

2000

Assam

900

Chhattisgarh

1000

Goa

100

Gujarat

2000

Haryana

2000

Himachal Pradesh

500

Jammu and Kashmir

350

Jharkhand

1000

Karnataka

4000

Kerala

3000

Maharashtra

4000

Odisha

1500

Punjab

2000

Rajasthan

1000

Tamil Nadu

4000

Telangana

3000

Uttarakhand

500

Uttar Pradesh

3000

West Bengal

4500

March 11, 2025

38626

Arunachal Pradesh

215

Assam

900

Chhattisgarh

1000

Goa

100

Gujarat

2000

Haryana

2000

Jammu and Kashmir

300

Jharkhand

1000

Karnataka

4000

Kerala

1000

Maharashtra

5000

Odisha

1500

Puducherry

200

Punjab

500

Rajasthan

2500

Tamil Nadu

5000

Telangana

2500

Tripura

911

Uttarakhand

500

Uttar Pradesh

3000

West Bengal

4500

March 18, 2025

41794

Chhattisgarh

1000

Goa

100

Haryana

4000

Jharkhand

1000

Karnataka

4000

Kerala

2000

Madhya Pradesh

7500

Maharashtra

4000

Meghalaya

227

Mizoram

120

Punjab

847

Rajasthan

1500

Tamil Nadu

5000

Telangana

2000

Uttarakhand

500

Uttar Pradesh

3000

West Bengal

5000

March 25, 2025

54065

Andhra Pradesh

2000

Assam

1000

Chhattisgarh

1000

Goa

100

Gujarat

2000

Haryana

4000

Jammu and Kashmir

431

Jharkhand

850

Karnataka

4000

Kerala

2000

Madhya Pradesh

7500

Maharashtra

5000

Manipur

477

Nagaland

500

Odisha

1000

Rajasthan

4707

Tamil Nadu

6000

Telangana

2500

Uttarakhand

1000

Uttar Pradesh

3000

West Bengal

5000

Total

4,73,477.00

 

4,73,477.00

The actual amount of borrowings and the details of the States/UTs participating would be intimated by way of press releases two/ three days prior to the actual auction day and would depend on the requirement of the State Governments/UTs, approval from the Government of India under Article 293(3) of the Constitution of India and the market conditions. RBI would endeavour to conduct the auctions in a non-disruptive manner, taking into account the market conditions and other relevant factors and distribute the borrowings evenly throughout the quarter. RBI reserves the right to modify the dates and the amount of auction in consultation with State Governments/UTs.

(Puneet Pancholy)  
Chief General Manager

Press Release: 2024-2025/1831