RBI releases report of Advisory Committee on Ways and Means Advances to State Governments
29 September 2026
The Reserve Bank of India placed on its website on 29 September 2026 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 WMA limits and other financial accommodation facilities available to the States.
The Reserve Bank said the Committee has made various recommendations which shall be examined by it.
Ways and Means Advances are short-term advances the Reserve Bank gives a State to bridge temporary mismatches between its receipts and payments.
Committee Chairman:
Shri I S N Prasad
Released on:
September 29, 2026
Why it matters for exams: Centre-State financial arrangements and RBI committees are standard ground for PSC, UPSC and bank examinations.
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