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) | |
|---|---|---|---|
| 07-Oct-25 | 9,410 | Andhra Pradesh | 1,900 |
| (Tuesday) | Gujarat | 2,000 | |
| Jammu and Kashmir | 400 | ||
| Maharashtra | 5,000 | ||
| Mizoram | 110 | ||
| 14-Oct-25 | 29,100 | Assam | 900 |
| (Tuesday) | Bihar | 1,500 | |
| Gujarat | 3,000 | ||
| Jammu and Kashmir | 300 | ||
| Karnataka | 2,000 | ||
| Madhya Pradesh | 5,200 | ||
| Maharashtra | 5,000 | ||
| Nagaland | 400 | ||
| Odisha | 1,000 | ||
| Punjab | 1,000 | ||
| Rajasthan | 2,000 | ||
| Sikkim | 500 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 1,000 | ||
| Tripura | 300 | ||
| Uttar Pradesh | 3,000 | ||
| 20-Oct-25 | 16,750 | Chhattisgarh | 1,000 |
| (Monday) | Goa | 100 | |
| Gujarat | 3,000 | ||
| Maharashtra | 5,000 | ||
| Meghalaya | 150 | ||
| Odisha | 1,000 | ||
| Tamil Nadu | 3,000 | ||
| Uttar Pradesh | 3,000 | ||
| Uttarakhand | 500 | ||
| 28-Oct-25 | 30,900 | Bihar | 1,500 |
| (Tuesday) | Chhattisgarh | 500 | |
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,000 | ||
| Himachal Pradesh | 500 | ||
| Jammu and Kashmir | 300 | ||
| Kerala | 2,000 | ||
| Maharashtra | 5,000 | ||
| Odisha | 1,000 | ||
| Punjab | 500 | ||
| Rajasthan | 4,500 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 1,000 | ||
| Uttar Pradesh | 3,000 | ||
| Uttarakhand | 1,000 | ||
| West Bengal | 3,000 | ||
| 04-Nov-25 | 19,450 | Andhra Pradesh | 5,000 |
| (Tuesday) | Arunachal Pradesh | 200 | |
| Chhattisgarh | 1,000 | ||
| Goa | 100 | ||
| Jammu and Kashmir | 150 | ||
| Kerala | 1,000 | ||
| Maharashtra | 2,500 | ||
| Punjab | 500 | ||
| Tamil Nadu | 3,000 | ||
| Uttar Pradesh | 3,000 | ||
| West Bengal | 3,000 | ||
| 11-Nov-25 | 25,960 | Assam | 900 |
| (Tuesday) | Bihar | 1,500 | |
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,500 | ||
| Jammu and Kashmir | 300 | ||
| Madhya Pradesh | 6,200 | ||
| Maharashtra | 2,500 | ||
| Meghalaya | 250 | ||
| Mizoram | 110 | ||
| Odisha | 1,000 | ||
| Punjab | 500 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 1,600 | ||
| Tripura | 500 | ||
| Uttar Pradesh | 3,000 | ||
| West Bengal | 2,000 | ||
| 18-Nov-25 | 21,400 | Assam | 900 |
| (Tuesday) | Chhattisgarh | 1,000 | |
| Goa | 100 | ||
| Jammu and Kashmir | 400 | ||
| Jharkhand | 2,000 | ||
| Maharashtra | 2,500 | ||
| Odisha | 1,000 | ||
| Rajasthan | 1,000 | ||
| Sikkim | 500 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 1,000 | ||
| Uttar Pradesh | 3,000 | ||
| Uttarakhand | 1,000 | ||
| West Bengal | 3,000 | ||
| 25-Nov-25 | 26,349 | Bihar | 1,500 |
| (Tuesday) | Chhattisgarh | 1,000 | |
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,000 | ||
| Himachal Pradesh | 500 | ||
| Jammu and Kashmir | 300 | ||
| Kerala | 1,000 | ||
| Maharashtra | 1,699 | ||
| Odisha | 1,000 | ||
| Puducherry | 250 | ||
| Punjab | 500 | ||
| Rajasthan | 4,500 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 1,000 | ||
| Uttar Pradesh | 3,000 | ||
| West Bengal | 3,000 | ||
| 02-Dec-25 | 21,000 | Andhra Pradesh | 5,000 |
| (Tuesday) | Chhattisgarh | 500 | |
| Goa | 100 | ||
| Karnataka | 3,000 | ||
| Kerala | 400 | ||
| Punjab | 1,000 | ||
| Rajasthan | 1,000 | ||
| Tamil Nadu | 4,000 | ||
| Uttar Pradesh | 3,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 2,500 | ||
| 09-Dec-25 | 21,680 | Arunachal Pradesh | 375 |
| (Tuesday) | Assam | 900 | |
| Bihar | 1,500 | ||
| Chhattisgarh | 1,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,500 | ||
| Jammu and Kashmir | 300 | ||
| Karnataka | 2,000 | ||
| Mizoram | 105 | ||
| Nagaland | 400 | ||
| Odisha | 1,000 | ||
| Tamil Nadu | 2,000 | ||
| Telangana | 2,000 | ||
| Tripura | 500 | ||
| Uttar Pradesh | 3,000 | ||
| West Bengal | 3,000 | ||
| 16-Dec-25 | 17,690 | Chhattisgarh | 500 |
| (Tuesday) | Goa | 100 | |
| Haryana | 1,000 | ||
| Madhya Pradesh | 4,240 | ||
| Manipur | 150 | ||
| Meghalaya | 350 | ||
| Odisha | 1,000 | ||
| Puducherry | 250 | ||
| Punjab | 600 | ||
| Tamil Nadu | 3,000 | ||
| Uttar Pradesh | 3,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 3,000 | ||
| 23-Dec-25 | 26,855 | Assam | 900 |
| (Tuesday) | Bihar | 1,500 | |
| Chhattisgarh | 1,000 | ||
| Goa | 100 | ||
| Gujarat | 2,000 | ||
| Haryana | 1,500 | ||
| Jammu and Kashmir | 400 | ||
| Jharkhand | 2,000 | ||
| Karnataka | 3,000 | ||
| Odisha | 1,000 | ||
| Rajasthan | 1,455 | ||
| Tamil Nadu | 4,000 | ||
| Telangana | 2,000 | ||
| Uttar Pradesh | 3,000 | ||
| West Bengal | 3,000 | ||
| 30-Dec-25 | 15,321 | Bihar | 852 |
| (Tuesday) | Goa | 100 | |
| Gujarat | 2,000 | ||
| Haryana | 1,000 | ||
| Himachal Pradesh | 500 | ||
| Jammu and Kashmir | 376 | ||
| Karnataka | 2,000 | ||
| Punjab | 493 | ||
| Tamil Nadu | 4,000 | ||
| Uttarakhand | 500 | ||
| West Bengal | 3,500 | ||
| Total | 2,81,865 |