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) | |
|---|---|---|---|
| January 06, 2026 (Tuesday) | 30,100 | Andhra Pradesh | 6,500 |
| Assam | 1,000 | ||
| Chhattisgarh | 2,000 | ||
| Jammu & Kashmir | 600 | ||
| Karnataka | 6,000 | ||
| Madhya Pradesh | 4,000 | ||
| Rajasthan | 1,000 | ||
| Tamil Nadu | 6,000 | ||
| West Bengal | 3,000 | ||
| January 13, 2026 (Tuesday) | 36,190 | Assam | 1,000 |
| Bihar | 3,000 | ||
| Chhattisgarh | 2,000 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,000 | ||
| Karnataka | 10,000 | ||
| Kerala | 1,000 | ||
| Maharashtra | 4,500 | ||
| Mizoram | 90 | ||
| Odisha | 1,000 | ||
| Punjab | 1,000 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 1,600 | ||
| Uttarakhand | 1,000 | ||
| West Bengal | 3,000 | ||
| January 20, 2026 (Tuesday) | 38,600 | Assam | 1,000 |
| Chhattisgarh | 2,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,000 | ||
| Jammu & Kashmir | 500 | ||
| Karnataka | 9,000 | ||
| Madhya Pradesh | 5,000 | ||
| Maharashtra | 4,500 | ||
| Odisha | 1,000 | ||
| Punjab | 500 | ||
| Rajasthan | 2,500 | ||
| Sikkim | 500 | ||
| Tamil Nadu | 4,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 4,500 | ||
| January 27, 2026 (Tuesday) | 47,300 | Assam | 1,000 |
| Bihar | 3,000 | ||
| Chhattisgarh | 2,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 2,000 | ||
| Himachal Pradesh | 500 | ||
| Jharkhand | 2,000 | ||
| Karnataka | 7,000 | ||
| Kerala | 2,000 | ||
| Madhya Pradesh | 6,000 | ||
| Maharashtra | 4,500 | ||
| Nagaland | 200 | ||
| Odisha | 1,000 | ||
| Punjab | 1,500 | ||
| Rajasthan | 3,000 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 1,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 4,000 | ||
| February 03, 2026 (Tuesday) | 42,800 | Andhra Pradesh | 5,500 |
| Assam | 1,000 | ||
| Chhattisgarh | 2,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,000 | ||
| Jammu & Kashmir | 500 | ||
| Karnataka | 8,000 | ||
| Kerala | 1,000 | ||
| Madhya Pradesh | 5,200 | ||
| Maharashtra | 4,500 | ||
| Odisha | 1,000 | ||
| Punjab | 1,000 | ||
| Rajasthan | 1,000 | ||
| Tamil Nadu | 4,000 | ||
| Uttar Pradesh | 2,000 | ||
| West Bengal | 3,000 | ||
| February 10, 2026 (Tuesday) | 42,750 | Assam | 1,000 |
| Bihar | 3,000 | ||
| Chhattisgarh | 2,000 | ||
| Gujarat | 2,000 | ||
| Haryana | 3,000 | ||
| Karnataka | 7,000 | ||
| Madhya Pradesh | 5,000 | ||
| Maharashtra | 4,500 | ||
| Manipur | 150 | ||
| Mizoram | 100 | ||
| Odisha | 1,000 | ||
| Punjab | 1,000 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 2,000 | ||
| Tripura | 500 | ||
| Uttar Pradesh | 2,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 4,000 | ||
| February 17, 2026 (Tuesday) | 39,000 | Assam | 2,000 |
| Chhattisgarh | 2,000 | ||
| Goa | 100 | ||
| Haryana | 2,000 | ||
| Jammu & Kashmir | 500 | ||
| Jharkhand | 3,000 | ||
| Karnataka | 8,000 | ||
| Maharashtra | 4,500 | ||
| Nagaland | 500 | ||
| Odisha | 1,000 | ||
| Puducherry | 400 | ||
| Punjab | 1,000 | ||
| Rajasthan | 2,500 | ||
| Sikkim | 500 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 1,000 | ||
| Uttar Pradesh | 2,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 3,500 | ||
| February 24, 2026 (Tuesday) | 44,221 | Bihar | 3,121 |
| Chhattisgarh | 2,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 2,000 | ||
| Himachal Pradesh | 800 | ||
| Karnataka | 8,000 | ||
| Kerala | 2,000 | ||
| Madhya Pradesh | 6,200 | ||
| Maharashtra | 4,000 | ||
| Odisha | 1,000 | ||
| Punjab | 1,000 | ||
| Rajasthan | 3,000 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 1,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 3,500 | ||
| March 02, 2026 (Monday) | 35,805 | Andhra Pradesh | 5,500 |
| Assam | 1,000 | ||
| Chhattisgarh | 2,000 | ||
| Goa | 100 | ||
| Haryana | 1,000 | ||
| Jammu & Kashmir | 417 | ||
| Karnataka | 8,000 | ||
| Kerala | 1,000 | ||
| Maharashtra | 4,000 | ||
| Punjab | 1,500 | ||
| Rajasthan | 2,000 | ||
| Sikkim | 288 | ||
| Tamil Nadu | 3,000 | ||
| Uttar Pradesh | 2,000 | ||
| West Bengal | 4,000 | ||
| March 10, 2026 (Tuesday) | 39,270 | Assam | 900 |
| Chhattisgarh | 2,000 | ||
| Haryana | 1,000 | ||
| Himachal Pradesh | 1,000 | ||
| Jammu & Kashmir | 500 | ||
| Karnataka | 8,000 | ||
| Kerala | 1,000 | ||
| Madhya Pradesh | 5,000 | ||
| Maharashtra | 4,000 | ||
| Mizoram | 100 | ||
| Puducherry | 270 | ||
| Punjab | 1,000 | ||
| Rajasthan | 2,000 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 2,000 | ||
| Uttar Pradesh | 2,000 | ||
| Uttarakhand | 1,000 | ||
| West Bengal | 3,500 | ||
| March 17, 2026 (Tuesday) | 43,800 | Chhattisgarh | 2,000 |
| Goa | 100 | ||
| Gujarat | 1,000 | ||
| Haryana | 2,000 | ||
| Jharkhand | 1,000 | ||
| Karnataka | 7,000 | ||
| Kerala | 2,000 | ||
| Madhya Pradesh | 6,000 | ||
| Maharashtra | 4,000 | ||
| Manipur | 200 | ||
| Nagaland | 500 | ||
| Punjab | 1,500 | ||
| Rajasthan | 3,000 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 2,000 | ||
| Uttar Pradesh | 2,000 | ||
| Uttarakhand | 1,000 | ||
| West Bengal | 4,500 | ||
| March 24, 2026 (Tuesday) | 47,985 | Assam | 900 |
| Chhattisgarh | 2,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 3,000 | ||
| Jammu & Kashmir | 900 | ||
| Jharkhand | 2,000 | ||
| Karnataka | 7,000 | ||
| Kerala | 1,910 | ||
| Madhya Pradesh | 6,200 | ||
| Maharashtra | 4,000 | ||
| Punjab | 1,006 | ||
| Rajasthan | 4,469 | ||
| Tamil Nadu | 4,000 | ||
| Uttar Pradesh | 2,000 | ||
| Uttarakhand | 1,000 | ||
| West Bengal | 5,500 | ||
| March 27, 2026 (Friday) | 12,000 | Gujarat | 1,000 |
| Haryana | 2,000 | ||
| Maharashtra | 4,000 | ||
| Odisha | 1,000 | ||
| Tamil Nadu | 2,000 | ||
| Uttar Pradesh | 2,000 | ||
| Total | 4,99,821 |