The Ministry of Finance, on October 28, released Rs 44,000 crore to the states and Union Territories (UTs) with Legislature under the back-to-back loan facility in lieu of GST compensation.
The said amount has been allocated to 23 states and three UTs as per their requirements and three Northeastern states were allocated their share with Assam receiving Rs 490.76 crore followed by Tripura and Meghalaya with Rs 111.34 crore and Rs 39.18 crore, respectively.
Of the 23 states, Karnataka got the highest amount of Rs 5010.90 crore, followed by Gujarat and Punjab with an allotment of Rs 3608.53 crore and Rs 3357.48 crore, respectively.
