Mumbai, Dec 30 : State governments are expected to raise about Rs 95,000-1,05,000 crore in the form of market borrowings in the last quarter of the ongoing fiscal, Reserve Bank said today. “The Reserve Bank in consultation with state governments, announces that the quantum of total market borrowings by the state governments and the union territory of Puducherry, for the quarter January-March 2016, is expected to be in the range of Rs 95,000 crore to Rs 1,05,000 crore,” the apex bank said in a release today. (Also Read: Focus on mobile tech for last mile delivery: RBI panel to banks) Also Read - Prove Corruption Charges or Face Criminal Defamation Suit, Narayanasamy Hits Back at Amit Shah

In a total of six batches from January to March, states will raise monies in various range, as per the RBI calender. In the first batch, the borrowing is expected to be in range of Rs 18,000-20,000 crore on January 12. Second, Rs 16,500-18,500 crore on January 25; Rs 16,500-18,500 crore on February 9; Rs 17,000 -19,000 crore on February 23; Rs 17,000-18,000 crore on March 8 and last of Rs 10,000-11,000 crore on March 22. RBI said the actual amount of borrowings and the details of the states participating would be intimated prior to the actual auction day. The state governments borrow money from markets through State Development Loans (SDLs) to raise resources to meet demand. Also Read - Who is Sister P Niveda, The Nurse Who Administered First Dose of Coronavirus Vaccine to PM Modi?

Also Read - Taxi, Auto Night Fares to be Hiked in Mumbai From March 1. Check New Prices Here