RBI places report of the Advisory Committee on Ways and Means Advances to State Governments, chaired by I S N Prasad

8 October 2026

The Reserve Bank of India has placed on its website the report of the Advisory Committee on Ways and Means Advances to State Governments.
The committee was chaired by Shri I S N Prasad, former Additional Chief Secretary, Government of Karnataka.
Its terms of reference included a review of state-wise Ways and Means Advances limits and of the other financial accommodation facilities available to States.
The report was released on the Reserve Bank's website on September 29, 2026.
The Reserve Bank has said the committee has made various recommendations, which shall be examined by it.
Ways and Means Advances are temporary advances the Reserve Bank gives a State to bridge mismatches between its receipts and payments.