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Start learning 50% faster. Sign in nowWhen there is a temporary mismatch in the cash flow of the receipts and payments of the State Governments. To handle this mismatch, there is a WMA scheme / facility which refer to Ways and Means Advances. RBI makes WMA to the state governments for a period of 90 Days. If the state government take WMA against the collateral Government securities, it is called Special WMA.
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