❖ The aggregate ways and means advances (WMA) limit for State governments/ Union Territories (UTs) has been upped to ₹60,118 crore.

❖ The existing limit was ₹47,010 crore.

❖ The revised WMA limit is effective from July 1.

❖ The WMA aims to help states to tide over temporary mismatches in the cash flow of their receipts and payments.