Punjab to raise ₹13,000 crore from market as debt mounts

Punjab plans to raise ₹13,000 crore via market borrowings from July to September 2026.

Borrowing schedule: ₹5,500 crore in July, ₹3,500 crore in August, ₹4,000 crore in September.

The state's borrowing is about 5% of the total ₹2.37 lakh crore states plan to raise in Q2.

Outstanding debt expected to reach ₹4.47 lakh crore by end of 2026-27 fiscal year.

Rising subsidy bill, free travel, and ₹1,000 monthly cash allowance for women cited as debt driver.