SDLs are bonds issued by state governments similar to how GOI G-secs are issued by the central govt. You can invest in SDLs on Kite.
Check out the Varsity note to learn more about G-Secs and SDLs.
Here’s the issuance calendar of SDLs by the respective state governments.
| Proposed Date | Expected quantum of borrowing (in ₹ Cr) | States/UTs who have confirmed participation and the tentative amount of borrowing (in ₹ Cr) | |
|---|---|---|---|
| April 03, 2025 | 11,800 | Andhra Pradesh | 5,750 |
| Himachal Pradesh | 900 | ||
| Jammu and Kashmir | 500 | ||
| Meghalaya | 350 | ||
| Punjab | 3300 | ||
| Rajasthan | 1000 | ||
| April 08, 2025 | 20,900 | Andhra Pradesh | 2,000 |
| Assam | 900 | ||
| Haryana | 1,000 | ||
| Jammu and Kashmir | 500 | ||
| Kerala | 2,000 | ||
| Maharashtra | 6,000 | ||
| Odisha | 1,000 | ||
| Punjab | 3,000 | ||
| Rajasthan | 2,000 | ||
| Tamil Nadu | 1,000 | ||
| Uttarakhand | 500 | ||
| Uttar Pradesh | 1,000 | ||
| April 15, 2025 | 15,750 | Chhattisgarh | 1,000 |
| Goa | 100 | ||
| Gujarat | 1,000 | ||
| Maharashtra | 6,000 | ||
| Meghalaya | 150 | ||
| Punjab | 1,500 | ||
| Tamil Nadu | 1,000 | ||
| Telangana | 2,000 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 2,000 | ||
| April 22, 2025 | 17,700 | Assam | 500 |
| Goa | 100 | ||
| Haryana | 1,000 | ||
| Kerala | 2,000 | ||
| Maharashtra | 6,000 | ||
| Mizoram | 100 | ||
| Odisha | 1,000 | ||
| Punjab | 500 | ||
| Rajasthan | 500 | ||
| Tamil Nadu | 2,000 | ||
| Uttarakhand | 500 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 2,500 | ||
| April 29, 2025 | 27,100 | Andhra Pradesh | 4,000 |
| Chhattisgarh | 1,000 | ||
| Goa | 100 | ||
| Gujarat | 3,000 | ||
| Haryana | 1,000 | ||
| Kerala | 1,000 | ||
| Maharashtra | 6,000 | ||
| Punjab | 500 | ||
| Rajasthan | 3,500 | ||
| Tamil Nadu | 1,000 | ||
| Telangana | 2,000 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 3,000 | ||
| May 6, 2025 | 20,500 | Bihar | 2,000 |
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,000 | ||
| Himachal Pradesh | 800 | ||
| Kerala | 1,000 | ||
| Maharashtra | 5,000 | ||
| Mizoram | 100 | ||
| Punjab | 2,000 | ||
| Rajasthan | 1,000 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 2,000 | ||
| Uttarakhand | 500 | ||
| Uttar Pradesh | 1,000 | ||
| May 13, 2025 | 17,400 | Assam | 900 |
| Gujarat | 2,000 | ||
| Haryana | 1,500 | ||
| Kerala | 1,000 | ||
| Maharashtra | 6,000 | ||
| Odisha | 1,000 | ||
| Punjab | 1,000 | ||
| Tamil Nadu | 1,000 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 2,000 | ||
| May 20, 2025 | 26,500 | Bihar | 2,000 |
| Chhattisgarh | 1,000 | ||
| Goa | 100 | ||
| Karnataka | 2,000 | ||
| Kerala | 1,000 | ||
| Madhya Pradesh | 5,000 | ||
| Maharashtra | 5,000 | ||
| Manipur | 150 | ||
| Meghalaya | 150 | ||
| Nagaland | 300 | ||
| Punjab | 500 | ||
| Rajasthan | 1,000 | ||
| Sikkim | 300 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 2,000 | ||
| Uttarakhand | 500 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 2,500 | ||
| May 27, 2025 | 28,900 | Andhra Pradesh | 5,000 |
| Bihar | 2,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 2,000 | ||
| Jammu and Kashmir | 800 | ||
| Karnataka | 2,000 | ||
| Maharashtra | 2,000 | ||
| Odisha | 1,000 | ||
| Punjab | 500 | ||
| Rajasthan | 4,000 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 1,000 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 3,500 | ||
| June 3, 2025 | 20,900 | Bihar | 2,000 |
| Chhattisgarh | 1,000 | ||
| Goa | 100 | ||
| Gujarat | 1,000 | ||
| Haryana | 1,000 | ||
| Himachal Pradesh | 800 | ||
| Kerala | 2,000 | ||
| Maharashtra | 2,000 | ||
| Punjab | 2,000 | ||
| Rajasthan | 1,500 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 2,000 | ||
| Uttarakhand | 500 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 2,000 | ||
| June 10, 2025 | 11,505 | Assam | 900 |
| Gujarat | 1,000 | ||
| Haryana | 1,000 | ||
| Jammu and Kashmir | 505 | ||
| Karnataka | 2,000 | ||
| Maharashtra | 2,000 | ||
| Mizoram | 100 | ||
| Punjab | 1,000 | ||
| Tamil Nadu | 2,000 | ||
| Uttar Pradesh | 1,000 | ||
| June 17, 2025 | 24,200 | Bihar | 2,000 |
| Goa | 100 | ||
| Karnataka | 2,000 | ||
| Madhya Pradesh | 5,000 | ||
| Maharashtra | 2,000 | ||
| Manipur | 150 | ||
| Meghalaya | 200 | ||
| Odisha | 1,000 | ||
| Puducherry | 250 | ||
| Punjab | 500 | ||
| Rajasthan | 2,500 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 2,000 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 3,500 | ||
| June 24, 2025 | 30,100 | Andhra Pradesh | 5,000 |
| Assam | 500 | ||
| Bihar | 2,000 | ||
| Chhattisgarh | 1,000 | ||
| Goa | 100 | ||
| Gujarat | 1,500 | ||
| Haryana | 1,000 | ||
| Jammu and Kashmir | 200 | ||
| Karnataka | 2,000 | ||
| Kerala | 1,000 | ||
| Maharashtra | 2,000 | ||
| Punjab | 500 | ||
| Rajasthan | 4,000 | ||
| Sikkim | 300 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 1,000 | ||
| Uttarakhand | 1,000 | ||
| Uttar Pradesh | 1,000 | ||
| West Bengal | 4,000 | ||
| Total | 2,73,255 |