(a) whether overdraft facilities has been extended to different States during the last three years;
(b) if so, whether the facility has been utilized fully by all States;
(c) if not, the reasons therefore alongwith the steps taken by the Union Government in this regard.
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a): No, Sir. However, Reserve Bank of India currently provides a specific overdraft facility over and above Ways & Means Advance in terms of their Scheme effective from 1st April, 2003.
(b): States have used Reserve Bank of India facility as and when they have liquidity requirement over and above Ways & Means Advance limits.
(c): Does not arise.