The number of States which successfully completed the “Ease of Doing Business” (EoDB) reforms has increased to 15.
Three more States namely, Gujarat, Uttar Pradesh and Uttarakhand have reported completion of “Ease of Doing Business” reforms stipulated by the Department of Expenditure.
The Department of Expenditure has granted permission to these three States to raise additional financial resources of Rs. 9,905 crore through Open Market Borrowings.
Earlier, Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Tamil Nadu and Telangana had also reported completion of this reform,
On completion of reforms facilitating ease of doing business, these 15 States have been granted additional borrowing permission of Rs. 38,088 crore.
The ease of doing business is an important indicator of the investment friendly business climate in the country. Improvements in the EoDB will enable faster future growth of the state economy. Therefore, the government of India had in May 2020, decided to link grant of additional borrowing permissions to States who undertake the reforms to facilitate ease of doing business.
