14th July 2025: The Odisha government is set to mobilize ₹1,500 crore by auctioning government securities, according to data released by the Reserve Bank of India (RBI). The state plans to issue ₹500 crore worth of securities with a three-year tenure and ₹1,000 crore with a 12-year tenure.
Odisha is among 12 states participating in this auction, including Andhra Pradesh, Bihar, Goa, Gujarat, Jammu & Kashmir, Maharashtra, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal. Collectively, these states aim to raise ₹26,900 crore through this initiative.
The auction will be conducted in the current month through RBI’s e-Kuber system. Both individual investors and institutions can participate by submitting bids. Retail investors will have the option to bid via the Retail Direct portal, with a minimum bid amount of ₹10,000 and multiples thereof.
Interest rates on these securities will be determined during the auction by the RBI and will be paid twice a year. The securities will mature on January 16 and July 16 of the respective years. According to the RBI calendar, Odisha plans to auction government securities worth ₹7,000 crore in the July-September quarter, spread across multiple tranches. Over seven auctions, the state expects to raise ₹7,000 crore, of which ₹1,000 crore will be raised in the upcoming tranche.
This move will help Odisha generate funds to support its developmental activities and maintain fiscal stability.
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