Amendment status not verified — confirm the current text below against the official source.
The total outstanding Government guarantees as on the first day of April of any year shall not exceed [five per cent of the Gross State Domestic Product of the State as, calculated by the Department of Economics and Statistics, for the respective financial year]. Substituted by Act 6 of 2018 (w.e.f. 01/04/2018). Prior to the amendment it read as " rupees twenty one thousand crores".