The Government of India has announced plans to borrow up to
Rs.6.77 lakh crore from the market in the second half of fiscal year 2025–26.
Out of this, Rs.10,000 crore will be mobilized through Sovereign Green Bonds (SGrBs),
highlighting the government’s commitment to sustainability and green financing.
Borrowing Framework
- 22 auctions are scheduled, starting September 29, 2025.
- The first auction will raise Rs.32,000 crore via 10-year GoI bonds.
- The last auction is scheduled for March 6, 2026.
- Gross borrowing for FY 2025–26 is projected at Rs.14.72 lakh crore, slightly lower than the earlier estimate of Rs.14.82 lakh crore.
Chief Economic Advisor Speaks
V. Anantha Nageswaran, Chief Economic Advisor to the Government, stated:
“We are confident of maintaining our fiscal deficit targets. There will be no changes in the second-half borrowing plan.
This approach is aligned with the government’s fiscal and development objectives.”
Focus on Green Investment
The Rs.10,000 crore raised through Sovereign Green Bonds will finance projects with an environmental focus.
Analysts believe this move strengthens India’s green growth strategy while supporting economic expansion.
Conclusion
The borrowing roadmap reflects a balance between fiscal discipline, infrastructure growth, and sustainability.
Funds raised through auctions and green bonds are expected to reinforce India’s development agenda
while maintaining macroeconomic stability.
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