English

Revenue Deficit Grant of Rs. 9,871 crore released to 17 States

Subscribe to Google News

NEW DELHI:The Department of Expenditure, Ministry of Finance, has released the 4th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871.00 crore to the States yesterday.  With the release of this installment, a total amount of Rs. 39,484.00 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year.

 

State-wise details of the grant released this month and total amount of PDRD Grant released to the States in 2021-22 is annexed.

 

The Post Devolution Revenue Deficit Grant is provided to the States under Article 275 of the Constitution. The grants are released as per the recommendations of the Fifteenth Finance Commission in monthly installments to meet the gap in Revenue Accounts of the States post devolution.  The Commission has recommended PDRD grants to 17 States during 2021-22.

 

The eligibility of States to receive this grant and the quantum of grant was decided by the Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution for the financial year 2021-22.

 

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 1,18,452 crore to 17 States in the financial year 2021-22.  Out of this, an amount of Rs. 39,484 crore (33.33%) has been released so far in 4 installments.

 

The States recommended for PDRD Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

Related Articles

Opinion Poll

Who is your favourite actor?




Advertisement

Newsletter

Advertisement

Weather
Trending

12th round of India-China military talks to take place soon

News
Three more PSG players positive for corona virus, six overall. Lionel Messi staying at Barcelona to avoid court fight. Japan Braces For Powerful Typhoon Haishen, Possible Record Rainfall. Third India-US 2 plus 2 Ministerial Dialogue underway in New Delhi. NSA Ajit Doval holds meeting with US Secretary of State & US Secretary of Defence in New Delhi. US Secretaries of State and Defence of USA call on PM Modi. Gadkari lays Foundation Stones of 9 NH projects in Tripura. NTPC Ltd. enters into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion under GREEN initiative. Senior US official tests positive for COVID-19 after Europe trip: media. UK  coronavirus death toll surpass 61,000. Cyprus and Lithuania removed from the travel corridor list of exempt countries. Iranian ambassador summoned regarding Nazanin Zaghari-Ratcliffe. Prime Minister announces new national 4-week lockdown. Japan's COVID-19 cases top 150,000. Brazen armed bank heist in Brazil leaves cash scattered on road. COVID-19 could see over 200 million more pushed into extreme poverty, new UN development report finds. Farm laws are for the benefit of farmers; Opposition misleading farmers. CORONA VACCINE. J&K: Weatherman predicts moderate snowfall across Kashmir from Monday. Farmers’ To Continue Stir Till Farm Laws Completely Repealed,Doubts Raised Over SC Panel.