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Countries had to meet at least 45% of their targets by year by the second quarter to qualify.

The Ministry of Finance on Friday allowed seven States to lend another amount of ₹ 16,691 crore, linked to what they have planned to spend from June to September.

Countries must meet at least 45% of their targets by the end of the second quarter in order to be eligible to raise additional debt in the market. Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan and Telangana achieved the goals of the first half of the year, Finance Secretary Somanathan said.

After the first quarter, 11 countries could borrow more.

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