The Centre plans to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to fund the revenue gap, the Finance Ministry has said.

Of the gross market borrowing of Rs 14.13 lakh crore estimated for 2024-25, Rs 7.5 lakh crore, or 53 per cent, is planned to be borrowed in the first half, an official statement has said.

The fundraise will be done through dated securities, including Rs 12,000 crore through issuance of sovereign green bonds (SGBs).

Based on market feedback and in line with global market practices, it has been decided to introduce a new dated security of 15-year tenure, it adds.

“The gross market borrowing of Rs 7.5 lakh crore shall be completed through 26 weekly auctions,” it has said.

The market borrowing will be spread over three-, five-, seven-, 10-, 15-, 30-, 40- and 50-year securities, it has said.

The share of borrowing (including SGBs) under different maturities will be: 3-year (4.8 per cent), 5-year (9.60 per cent), 7-year (8.8 per cent), 10-year (25.6 per cent), 15-year (13.87 per cent), 30-year (8.93 per cent), 40-year (19.47 per cent) and 50-year (8.93 per cent), it adds.