(Rs. crore)

Date

Minimum balance Total for States

Ways and Means limits (expressed as a

multiple of the minimum balance)

Normal/Clean

Special/Secured

1

2

3

4

1.

April 1, 1937 (effective April 1, 1938)

(Provincial Governments/Part A States)

1.95

1

*

(1.95)

2.

April 1, 1953 (Part A and Part B States)

a)

3.94 on Friday

2

2.00 for each State

b)

3.38 on days other than Friday

(7.88)

c)

4.50 before repayment of Ways &

Means Advances

3.

March 1, 1967

6.25

3

6

(18.75)

(37.50)

4.

May 1, 1972

6.50 +

12

6

(78.0)

(42.66)

5.

May 1, 1976

13.0

10

10

(130.0)

(130.0)

6.

October 1, 1978

13.0

20

10

(260.0)

(130.0)

7.

July 1, 1982

13.0

40

20

(520.0)

(260.0)

8.

October 1, 1986

a)

April-September

13.0

52

20

(676.0)

(260.0)

b)

October-March

13.0

48

20

(624.0)

(260.0)

9.

March 1, 1988

13.30

56

20

(744.80)

(266.0)

10.

November 1, 1993

13.30

84

32

(1,117.20)

(425.60)

11.

August 1, 1996

13.30

168

64

(2,234.40)

(852.20)

12.

March 1,1999

**

**

++

(3,685.00)

13.

February 1, 2001

**

**

++

(5,283.00)

The figures in brackets in columns 3 and 4 are the total monetary limits for all the States.

*

Secured Ways and Means Advances were occasionally granted on an ad hoc basis.

+

The increase of Rs.0.25 crore over the figure for 1967 was due to the fixation of minimum balances for four States viz. Himachal Pradesh,

Manipur, Meghalaya and Tripura. There was no revision for other States.

**

The minimum balance revised upwards linking it to the same base as for WMA. The base for the revised WMA limits will be three -year

average of revenue receipts plus capital expenditure.

++

The limit for special WMA liberalised, no upper limit on special WMA. Special WMA to be provided against actual holdings of Government securities.