An SBI report suggests fears that the revised VB-GRAM G ratio will increase states' financial burden and borrowing are unfounded. The report states that states' annual borrowing limits remain fixed at 3% of GSDP, with no scope for deviation due to the new 60:40 mechanism. It highlights that many states have under-borrowed and emphasizes the need to reorient expenditures towards productive needs. The report also estimates a significant Central share for MGNREGA, exceeding the FY26 allocation.