Shimla, Feb. 27 -- Himachal Pradesh government has announced that it would raise Rs. 1030 crore through the issuance of 20-year State Development Loan (SDL) securities. The notification was issued by the Finance Department on February 25, 2026.
According to the notification, the borrowing would be carried out through the Reserve Bank of India (RBI), Mumbai Office, by way of an auction scheduled for March 2, 2026. The securities will be sold under the RBI's yield-based auction system, and the cut-off yield determined at the auction will serve as the coupon rate for the bonds.
The proceeds from the loan would be utilised for the state's development programmes. The notification also states that consent of the Central Government has been obta...