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RBI Releases I. S. N. Prasad Committee Report on WMA to State Governments

By Rakesh Kushwaha, Lead Tech & Exam Analyst

Economy & Banking

The Reserve Bank of India has released the report of the I. S. N. Prasad Committee on Ways and Means Advances (WMA) to State Governments. The committee has recommended revising the aggregate WMA limit and introducing a revenue-based approach for state-wise limits.

RBI Releases I. S. N. Prasad Committee Report on WMA to State Governments

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Question 1

Who chaired the RBI's Advisory Committee on Ways and Means Advances to State Governments whose report was released in September 2026?

Question 2

What was the existing aggregate Ways and Means Advances (WMA) limit for State Governments and Union Territories before the committee's recommended revision?

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