The Reserve Bank of India (RBI) has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) at Rs 75000 crore.

• Ways and Means Advances is the temporary loan facility provided by the RBI to the centre and state governments. The WMA scheme was introduced in 1997 to meet any temporary mismatches in the receipts and payments of the government.
• The WMA needs to be vacated after 90 days. The interest rate for WMA is currently charged at the repo rate. The limits for WMA are decided by the RBI and in consultation with the Government of India.