Economy Coronavirus effect: RBI hikes govt’s WMA to Rs 2 lakh crore Updated : April 20, 2020 05:10 PM IST The government’s new WMA limit stands at Rs 2 lakh crore against 1.20 lakh crore announced last month. WMA is a short-term borrowing arrangement between the central bank and the union and state governments. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.