Chandigarh, July 23 -- Amid concerns over mounting state debt, the Punjab government plans to raise loans worth Rs.13,000 crore between July and September to meet its financial requirements.

The state will raise Rs.5,500 crore in July, Rs.3,500 crore in August, and Rs.4,000 crore through market borrowings during the second quarter of the 2026-27 financial year.

Of the planned borrowing, Rs.3,000 crore has already been raised in July so far with another tranche scheduled for next week. The funds will be mobilised through the auction of state government securities with maturity periods ranging from 2-5 years to 16-20 years, according to the borrowing plan shared by the state government with the Reserve Bank of India.

Punjab's planned bor...