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Ways and Means Advances of RBI

  Apr 26, 2021

Ways and Means Advances of RBI

Q. What is the news? 

Recently , The Reserve Bank of India (RBI) has decided to continue with the existing interim Ways and Means Advances (WMA) scheme limit of Rs. 51,560 crore for all States/UTs up to September 2021, given the prevalence of Covid-19.

Q. What is Ways and Means Advances? 
The WMA scheme was introduced in 1997.

Its objective is to meet mismatches in the receipts and payments of the government.

Q. What are its features? 

Q. What are its types? 

Q. What is its significance?