Ways and Means Advances

News:The government has increased the limit on Ways and Means Advance (WMA) by 60% to support the cash flow mismatch expected from higher spending to combat the spread of COVID-19. Facts: Ways and Means Advances(WMA) Scheme was introduced in 1997. Purpose: These are temporary loan facilities provided by the Reserve Bank of India(RBI) to the… Continue reading Ways and Means Advances

RBI sets WMA Limit for Government at Rs 75000 crore for H1 of 2019-20

The Reserve Bank of India (RBI) in consultation with the Government of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) at Rs 75000 crore. The Reserve Bank of India gives temporary loan facilities to the centre and state… Continue reading RBI sets WMA Limit for Government at Rs 75000 crore for H1 of 2019-20