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Central Government Disbursment Scheme (CGDS)

Ministry of Finance
DEMAND NO.35
Interest Payments
A. The Budget allocations, net of recoveries and receipts, are given below:á
(Cost Rs. Crore)
Sr. No. Group/Sub Group/Sub Sub Group/Scheme/Sub Scheme/Programme/Sub Programme Actual 2011-2012 Budget 2012-2013 Revised 2012-2013 Budget 2013-2014
Plan Non-Plan Total Plan Non-Plan Total Plan Non-Plan Total Plan Non-Plan Total
1 Prepayment Premium for reduction of debt 0.00 0.00 0.00 0.00 100.00 100.00 0.00 0.00 0.00 0.00 2,000.00 2,000.00
Interest Payments                        
2 Interest on Internal Debt[1] 0.00 210,921.63 210,921.63 0.00 252,935.39 252,935.39 0.00 247,914.84 247,914.84 0.00 301,918.83 301,918.83
3 Interest on External Debt[2] 0.00 3,501.29 3,501.29 0.00 3,946.56 3,946.56 0.00 4,073.23 4,073.23 0.00 4,276.24 4,276.24
4 Interest on Small Savings, Provident Funds etc. 0.00 43,125.16 43,125.16 0.00 46,749.70 46,749.70 0.00 48,823.74 48,823.74 0.00 46,152.54 46,152.54
5 Interest on Reserve Funds 0.00 68.72 68.72 0.00 268.50 268.50 0.00 268.50 268.50 0.00 268.50 268.50
6 Interest on other obligations 0.00 15,733.17 15,733.17 0.00 15,759.28 15,759.28 0.00 15,593.85 15,593.85 0.00 16,068.38 16,068.38
7 Actual Recoveries 0.00 -200.09 -200.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Grand Totalá 0.00 273,149.88 273,149.88 0.00 319,759.43 319,759.43 0.00 316,674.16 316,674.16 0.00 370,684.49 370,684.49
Source: Ministry of Finance, Govt. of India

[1]
The Appropriation provides for interest charges on Central Government's debt obligations, both internal and external. It also includes provisions for interest payable on provident funds, special deposits with the Government besides depreciation and other reserve funds of commercial departments, like Railways. Provision for management of debt and other liabilities of the Central government are also included in this Appropriation. The provision for interest/discount payment on dated securities/treasury bills issued under the Market Stabilisation Scheme(MSS) is shown separately, in compliance with the provisions of the MOU on MSS dated March 25, 2004.
[2]
The increase in the Budget Estimates, 2013-2014 is mainly due to larger requirements for interest on market loans, Discount on Treasury Bills,charges payable for management of Debt, interest on external debt and interest on special bonds issued to PLI.
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