Table 1 : Trends in Guarantees of State Governments (Outstanding as at end-March) | | | | | | | | | (Rs. crore) |
| | Name of the | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | | State | | | | | | | | (April to | | | | | | | | | | September) |
| | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
| 1. | Andhra Pradesh* | 3633 | 5021 | 5326 | 5848 | 4343 | 7947 | 9885 | 10469 | | | | | | | | | | | 2. | Assam | 1008 | 1022 | 1022 | 945 | 1430 | 1430 | 1430 | 1430 | | | | | | | | | | | 3. | Bihar | 1359 | 1477 | 1652 | 73 | 1184 | 525 | 525 | 525 | | | | | | | | | | | 4. | Gujarat | 4514 | 5190 | 5387 | 6501 | 6519 | 6602 | 7274 | 7299 | | | | | | | | | | | 5. | Haryana* | 1264 | 1526 | 1856 | 1811 | 2362 | 3749 | 4119 | 4119 | | | | | | | | | | | 6. | Himachal Pradesh* | 370 | 482 | 502 | 495 | 798 | 989 | 1299 | 1299 | | | | | | | | | | | 7. | Jammu & Kashmir* | 459 | 443 | 480 | 275 | 599 | 599 | 599 | 599 | | | | | | | | | | | 8. | Karnataka* | 3057 | 2255 | 3640 | 3862 | 4669 | 4887 | 6122 | 6517 | | | | | | | | | | | 9. | Kerala | 1744 | 2296 | 2320 | 3229 | 2082 | 2069 | 2466 | 2866 | | | | | | | | | | | 10. | Madhya Pradesh* | 677 | 720 | 1890 | 287 | 440 | 3485 | 3485 | 3485 | | | | | | | | | | | 11. | Maharashtra | 7351 | 6132 | 7305 | 7706 | 8127 | 7636 | 9933 | 12851 | | | | | | | | | | | 12. | Meghalaya | 159 | 167 | 169 | 170 | 161 | 156 | 151 | 170 | | | | | | | | | | | 13. | Orissa* | 1090 | 1333 | 1357 | 1484 | 1716 | 1919 | 2094 | 2292 | | | | | | | | | | | 14. | Punjab * | 1303 | 1225 | 1517 | 2360 | 2525 | 6691 | 7044 | 7292 | | | | | | | | | | | 15. | Rajasthan* | 2727 | 3143 | 3573 | 3929 | 4758 | 5754 | 6154 | 6454 | | | | | | | | | | | 16. | Tamil nadu* | 2895 | 3205 | 3604 | 2128 | 3456 | 4339 | 4339 | 4637 | | | | | | | | | | | 17. | Uttar Pradesh | 4257 | 4852 | 5135 | 5300 | 4730 | 4338 | 4503 | 4643 | | | | | | | | | | | 18. | West Bengal* | 2450 | 2193 | 2299 | 2246 | 2893 | 2380 | 2480 | 2680 |
| | Total | 40318 | 42682 | 49035 | 48649 | 52792 | 65495 | 73902 | 79625 |
| Note | (1) | : | Data from 1992 to 1997 has been compiled from Comptroller and Auditor General of India, Government of India, New Delhi. | | (2) | : | Data for the years 1998 and 1999 have been compiled from M/s. Kotak Mahindra Capital Company Ltd. and PRIME data source. | | * | : | Outstanding Guarantees include principal and interest components except for the year 1998 and 1999. |
Table 2 : Net, Gross Market Borrowings and Incremental Guarantees of State Governments | | | | (Rs. crore) |
| Year | Net Market | Gross Market | Incremental | | Borrowings | Borrowings | Guarantees |
| (1) | (2) | (3) | (4) |
| 1992-93 | 3471 | 3805 | 2364 | | | | | 1993-94 | 3679 | 4145 | 6353 | | | | | 1994-95 | 5123 | 5123 | -386 | | | | | 1995-96 | 5931 | 6274 | 4143 | | | | | 1996-97 | 6536 | 6536 | 12704 | | | | | 1997-98 | 7193 | 7749 | 8406 | | | | | 1998-99 | 9434 | 10848 | 5723 | | | (Full Year) | (Half Year) |
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Table 3 : Guarantees and Debt of State Governments (Outstandings) | | | | | | | | | | (% to SDP) |
| | | | 1992 | | | | | 1997* | | |
| | Name of the State | | | | Weighted Guarantee @ | Col. (5) plus Col.(3) | | | | (1/3)rd of Col. (7) | Col. (10) plus Col.(8) | | Guarantee | Debt | Total | Guarantee | Debt | Total (7+8) | | | | | (2+3) | | | |
| | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) |
| 1. | Andhra Pradesh | 9.70 | 21.20 | 30.90 | 3.20 | 24.40 | 11.01 | 23.40 | 34.41 | 3.63 | 27.03 | | | | | | | | | | | | | 2. | Assam | 9.50 | 42.20 | 51.70 | 3.14 | 45.34 | 8.51 | 34.57 | 43.07 | 2.81 | 37.37 | | | | | | | | | | | | | 3. | Bihar | 5.40 | 42.50 | 47.90 | 1.78 | 44.28 | 1.41 | 48.71 | 50.12 | 0.46 | 49.18 | | | | | | | | | | * | | | 4. | Gujarat | 17.30 | 27.10 | 44.40 | 5.71 | 32.81 | 12.93 | 25.03 | 37.95 | 4.27 | 29.29 | | | | | | | | | | | | | 5. | Haryana | 8.60 | 21.80 | 30.40 | 2.84 | 24.64 | 12.50 | 21.73 | 34.22 | 4.12 | 25.85 | | | | | | | | | | * | | | 6. | Himachal Pradesh | 12.40 | 49.10 | 61.50 | 4.09 | 53.19 | 17.65 | 63.04 | 80.70 | 5.83 | 68.87 | | | | | | | | | | * | | | 7. | Jammu & Kashmir | 15.60 | 125.90 | 141.50 | 5.15 | 131.05 | 9.14 | 77.40 | 86.54 | 3.02 | 80.42 | | | | | | | | | | | | | 8. | Karnataka | 11.40 | 19.80 | 31.20 | 3.76 | 23.56 | 9.72 | 22.57 | 32.29 | 3.21 | 25.78 | | | | | | | | | | | | | 9. | Kerala | 11.60 | 34.40 | 46.00 | 3.83 | 38.23 | 7.27 | 40.10 | 47.37 | 2.40 | 42.50 | | | | | | | | | | | | | 10. | Madhya Pradesh | 2.40 | 27.30 | 29.70 | 0.79 | 28.09 | 6.34 | 25.88 | 32.22 | 2.09 | 27.97 | | | | | | | | | | | | | 11. | Maharashtra | 11.30 | 17.50 | 28.80 | 3.73 | 21.23 | 5.02 | 14.30 | 19.32 | 1.66 | 15.95 | | | | | | | | | | * | | | 12. | Meghalaya | 17.65 | 26.81 | 44.46 | 5.82 | 32.63 | 10.30 | 31.91 | 42.21 | 3.40 | 35.31 | | | | | | | | | | | | | 13. | Orissa | 8.70 | 42.10 | 50.80 | 2.87 | 44.97 | 8.53 | 47.40 | 55.93 | 2.82 | 50.21 | | | | | | | | | | | | | 14. | Punjab | 6.40 | 39.00 | 45.40 | 2.11 | 41.11 | 16.30 | 37.70 | 54.00 | 5.38 | 43.08 | | | | | | | | | | | | | 15. | Rajasthan | 13.60 | 32.70 | 46.30 | 4.49 | 37.19 | 13.74 | 34.11 | 47.85 | 4.53 | 38.64 | | | | | | | | | | | | | 16. | Tamil nadu | 8.90 | 20.00 | 28.90 | 2.94 | 22.94 | 6.56 | 21.45 | 28.01 | 2.17 | 23.61 | | | | | | | | | | | | | 17. | Uttar Pradesh | 7.40 | 30.90 | 38.30 | 2.44 | 33.34 | 4.21 | 33.25 | 37.45 | 1.39 | 34.64 | | | | | | | | | | * | | | 18. | West Bengal | 6.70 | 24.60 | 31.30 | 2.21 | 26.81 | 2.40 | 18.32 | 20.72 | 0.79 | 19.11 |
| | Average | 10.25 | 35.83 | 46.08 | | | 9.08 | 34.49 | 34.10 | | |
| * | : NSDP figures are estimated by assuming the growth rate in 1995-96. | @ | : One-third of total guarantee as set out in column 2. | $ | : Guarantee-SDP ratio assumed at the level of 1994-95. |
Table 4: Guarantees of State Governments as Ratio to Consolidated Fund | | | (per cent) |
| Name of the State | 1994-95 | 1995-96 |
| | (1) | (2) | (3) |
| 1. | Andhra Pradesh | 47.06 | 28.74 | 2. | Assam | 18.60 | 21.40 | 3. | Bihar | 0.90 | 13.00 | 4. | Gujarat | 70.20 | 62.90 | 5. | Haryana | 26.20 | 38.60 | 6. | Himachal Pradesh | 24.60 | 27.70 | 7. | Jammu & Kashmir | 8.00 | 16.10 | 8. | Karnataka | 38.30 | 46.40 | 9. | Kerala | 55.50 | 31.80 | 10. | Madhya Pradesh | 2.50 | 3.70 | 11. | Maharashtra | 41.20 | 41.00 | 12. | Meghalaya | 20.46 | 21.03 | 13. | Orissa | 28.90 | 30.10 | 14. | Punjab | 30.70 | 32.00 | 15. | Rajasthan | 50.90 | 39.20 | 16. | Tamil Nadu | 18.00 | 27.60 | 17. | Uttar Pradesh | 27.40 | 24.10 | 18. | West Bengal | 21.60 | 25.20 |
| | States Average | 29.50 | 29.50 |
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Table 5 : Public Sector bank Advances Guaranteed by State Governments (As on March 31, 1998) | | | | | (Rs. crore) |
| | Name of the | Total | Amount | Guarantee | Payments | | State | Outstanding | Guaranteed | Invoked | Made |
| | (1) | (2) | (3) | (4) | (5) | | | | | | | 1. | Andhra Pradesh | 222.56 | 146.68 | 0.61 | NIL | | | | | | | 2. | Assam | 67.02 | 53.63 | 18.51 | NIL | | | | | | | 3. | Bihar | 0.20 | 4.33 | NIL | NIL | | | | | | | 4. | Gujarat | 149.75 | 80.44 | 26.82 | NIL | | | | | | | 5. | Haryana | 21.93 | 32.42 | NIL | NIL | | | | | | | 6. | Himachal Pradesh | 4.44 | 4.76 | 1.60 | NIL | | | | | | | 7. | Jammu & Kashmir | 1.66 | 0.70 | 0.70 | NIL | | | | | | | 8. | Karnataka | 69.08 | 95.81 | 11.04 | 5.80 | | | | | | | 9. | Kerala | 125.01 | 208.31 | 10.17 | NIL | | | | | | | 10. | Madhya Pradesh | 26.08 | 33.98 | 4.49 | NIL | | | | | | | 11. | Maharashtra | 50.45 | 92.92 | 5.78 | 4.00 | | | | | | | 12. | Nagaland | 0 | 0.80 | 2.31 | 0.20 | | | | | | | 13. | Orissa | 40.41 | 50.74 | 39.37 | 7.36 | | | | | | | 14. | Punjab | 26.04 | 39.00 | 4.39 | NIL | | | | | | | 15. | Rajasthan | 72.82 | 116.00 | NIL | 8.53 | | | | | | | 16. | Tamil nadu | 33.46 | 38.13 | 0.46 | NIL | | | | | | | 17. | Tripura | 62.95 | 58.92 | 60.70 | NIL | | | | | | | 18. | Uttar Pradesh | 160.64 | 205.64 | 16.02 | NIL | | | | | | | 19. | West Bengal | 143.19 | 77.39 | 48.55 | 14.27 |
| | Grand Total | 1277.69 | 1340.6 | 251.52 | 40.16 |
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Table 6 : State-wise Arrears of Bonds reported by various banks: Bank-wise Position as on June 30, 1998 | | | | | | | | | (Rs.crore) |
| | Name of Bank | Assam | Bihar | Jammu & Kash. | Kerala | Meghalaya | U.P. | W.B. | Total |
| 1. | Allahabad Bank | 0.42 | 0.85 | 0.00 | 0.02 | 0.94 | 0.62 | 0.00 | 2.85 | 2. | Andhra Bank | 0.05 | 0.27 | 0.00 | 0.20 | 0.00 | 0.82 | 0.00 | 1.34 | 3. | Bank of Baroda | 4.54 | 9.27 | 0.03 | 0.00 | 1.77 | 3.50 | 0.00 | 19.11 | 4. | Bank of India | 0.93 | 19.50 | 0.00 | 0.02 | 0.30 | 0.15 | 0.00 | 20.90 | 5. | Bank of Maharashtra | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.03 | 6. | Bank of Rajasthan | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 7. | Canara Bank | 2.84 | 8.78 | 0.59 | 0.35 | 0.21 | 0.04 | 0.00 | 12.81 | 8. | Central Bank of India | 3.43 | 20.29 | 0.00 | 0.11 | 0.90 | 0.57 | 0.76 | 26.05 | 9. | Corporation Bank | 0.00 | 0.51 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.54 | 10. | Dena Bank | 0.30 | 1.17 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 1.51 | 11. | Indian Bank | 0.37 | 2.47 | 0.00 | 0.11 | 0.95 | 0.05 | 0.00 | 3.96 | 12. | Indian Overseas Bank | 0.39 | 0.36 | 0.00 | 0.38 | 0.86 | 0.13 | 0.00 | 2.12 | 13. | Oriental Bank of Commerce | 0.00 | 0.07 | 0.00 | 0.18 | 0.00 | 0.02 | 0.00 | 0.27 | 14. | Punjab National Bank | 0.00 | 0.28 | 0.00 | 0.29 | 0.00 | 0.00 | 0.01 | 0.58 | 15. | Punjab & Sind Bank | 0.00 | 3.45 | 0.00 | 0.10 | 0.00 | 0.01 | 0.03 | 3.59 | 16. | State Bank of India | 80.40 | 99.16 | 1.94 | 0.74 | 10.80 | 22.60 | 7.83 | 223.47 | 17. | St. Bk. of Bikaner & Jaipur | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18. | State Bank of Travancore | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 19. | Syndicate Bank | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 20. | The Federal Bank Ltd. | 0.09 | 0.00 | 0.00 | 0.00 | 0.22 | 0.00 | 0.00 | 0.31 | 21. | UCO Bank | 3.80 | 13.40 | 0.18 | 0.07 | 1.97 | 1.49 | 0.00 | 20.91 | 22. | Union Bank of India | 0.21 | 1.70 | 0.00 | 0.21 | 0.53 | 0.11 | 0.00 | 2.76 | 23. | United Bank of India | 4.67 | 8.65 | 0.00 | 0.00 | 0.97 | 0.07 | 4.39 | 18.76 | 24. | Vijaya Bank | 0.01 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.11 |
| | TOTAL | 102.71 | 190.24 | 2.74 | 3.81 | 20.52 | 30.23 | 13.03 | 363.29 |
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Table 7 : Guarantees of State Government as percentage to Revenue Receipts | | | | | | | | (Amount in Rs. Crore) |
| | | State Guarantees | Revenue Receipts | | | | Name of the State | 1997 | 1998 | 1999 | 1997 | 1998 | 1999 | Col. 2 as % to Col. 5 | Col. 3 as % to Col. 6 | Col. 4 as % to Col. 7 |
| | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
| | | | | | | | | | | | 1. | Andhra Pradesh | 7947 | 9885 | 10469 | 11193 | 13800 | 15635 | 71.00 | 71.63 | 66.96 | | | | | | | | | | | | 2. | Assam | 1430 | 1430 | 1430 | 3856 | 4721 | 5181 | 37.09 | 30.29 | 27.60 | | | | | | | | | | | | 3. | Bihar | 525 | 525 | 525 | 8038 | 10313 | 11679 | 6.53 | 5.09 | 4.50 | | | | | | | | | | | | 4. | Gujarat | 6602 | 7274 | 7299 | 9668 | 10921 | 13082 | 68.29 | 66.61 | 55.79 | | | | | | | | | | | | 5. | Haryana | 3749 | 4119 | 4119 | 6048 | 5717 | 6505 | 61.99 | 72.05 | 63.32 | | | | | | | | | | | | 6. | Himachal Pradesh | 989 | 1299 | 1299 | 1992 | 2118 | 2234 | 49.65 | 61.33 | 58.15 | | | | | | | | | | | | 7. | Jammu & Kashmir | 599 | 599 | 599 | 3690 | 4288 | 4376 | 16.23 | 13.97 | 13.69 | | | | | | | | | | | | 8. | Karnataka | 4887 | 6122 | 6517 | 9622 | 11417 | 13210 | 50.79 | 53.62 | 49.33 | | | | | | | | | | | | 9. | Kerala | 2069 | 2466 | 2866 | 6145 | 7629 | 8995 | 33.67 | 32.32 | 31.86 | | | | | | | | | | | | 10. | Madhya Pradesh | 3485 | 3485 | 3485 | 10014 | 11473 | 13320 | 34.80 | 30.38 | 26.16 | | | | | | | | | | | | 11. | Maharashtra | 7636 | 9933 | 12851 | 19255 | 21721 | 23819 | 39.66 | 45.73 | 53.95 | | | | | | | | | | | | 12. | Meghalaya | 156 | 151 | 170 | 73046 | 94545 | 96186 | 21.36 | 15.93 | 17.65 | | | | | | | | | | | | 13. | Orissa | 1919 | 2094 | 2292 | 4287 | 5047 | 5706 | 44.75 | 41.48 | 40.16 | | | | | | | | | | | | 14. | Punjab | 6691 | 7044 | 7292 | 5569 | 7074 | 8512 | 120.14 | 99.57 | 85.66 | | | | | | | | | | | | 15. | Rajasthan | 5754 | 6154 | 6454 | 7560 | 8714 | 10209 | 76.11 | 70.62 | 63.22 | | | | | | | | | | | | 16. | Tamil Nadu | 4339 | 4339 | 4637 | 11961 | 13418 | 15379 | 36.28 | 32.34 | 30.15 | | | | | | | | | | | | 17. | Uttar Pradesh | 4338 | 4503 | 4643 | 16029 | 17478 | 20478 | 27.07 | 25.77 | 22.67 | | | | | | | | | | | | 18. | West Bengal | 2380 | 2480 | 2680 | 8227 | 9764 | 11618 | 28.93 | 25.40 | 23.07 |
| | Total | 65495 | 73902 | 79625 | 143884 | 166558 | 190900 | 46.00* | 44.00* | 42.00* |
| * | Average | | | | | | | | | |
|