A glass substrate that achieves a high strain point while having a low devitrification temperature; and a method for producing the glass substrate. This glass substrate for a display is made of a glass comprising SiO2 and Al2O3, comprising 0% or more to less than 4% B2O3 in mass %, and substantially devoiding Sb2O3, wherein 3×BaO/(MgO+CaO+SrO) is 5 or less, MgO/(CaO+SrO) is 0.36 or greater, the devitrification temperature is 1235° C. or lower, and the strain point is 700° C. or higher. The method comprises: melting, by using at least direct electrical heating, a glass material prepared to have a predetermined composition; forming, into a flat glass sheet, the molten glass that has been melted in the melting step; and annealing the flat glass sheet, wherein a condition for cooling the flat glass sheet is controlled so as to reduce the heat shrinkage rate of the flat glass sheet.