Government to borrow ₹6.77 lakh crore in second half of FY 2025-26
The Finance Ministry announced on 26 September 2025 that the government plans to borrow ₹6.77 lakh crore through dated securities in the second half of 2025-26, including ₹10,000 crore of Sovereign Green Bonds.
Summary
The Ministry of Finance, in consultation with the Reserve Bank of India, announced on 26 September 2025 that the Government of India plans to borrow ₹6.77 lakh crore through dated securities in the second half (October–March) of 2025-26. This includes ₹10,000 crore through Sovereign Green Bonds. The borrowing will be completed through 22 weekly auctions ending on 6 March 2026 and spread over 3- to 50-year securities, with the 10-year paper taking the largest share (28.4%). Weekly Treasury Bill issuance in the October–December quarter is expected to be ₹19,000 crore. The RBI fixed the Ways and Means Advances limit for the second half at ₹50,000 crore.
Key facts
- Announced
- 26 Sep 2025, Finance Ministry with RBI
- H2 FY26 borrowing
- ₹6.77 lakh crore via dated securities
- Green bonds
- ₹10,000 crore Sovereign Green Bonds
- Auctions
- 22 weekly auctions till 6 Mar 2026
- Largest share
- 10-year securities – 28.4%
- T-Bills (Q3)
- ₹19,000 crore a week
- WMA limit (H2)
- ₹50,000 crore
Practice MCQs 3 questions
How much does the Government of India plan to borrow through dated securities in the second half of FY 2025-26, as announced on 26 September 2025?
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Correct answer: D — ₹6.77 lakh crore
The H2 FY 2025-26 borrowing plan is ₹6.77 lakh crore, including ₹10,000 crore of Sovereign Green Bonds.
What Ways and Means Advances (WMA) limit did the RBI fix for the second half of FY 2025-26?
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Correct answer: B — ₹50,000 crore
The RBI fixed the WMA limit for H2 FY 2025-26 at ₹50,000 crore.
Consider the following statements about the government's borrowing plan for H2 FY 2025-26: 1. It includes ₹10,000 crore through Sovereign Green Bonds. 2. The 30-year security has the largest share of the borrowing. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: the 10-year security has the largest share (28.4%); the 30-year share is 9.2%.