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Grant of Rs 12,351 cr released for Rural Local Bodies
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SME Times News Bureau | 27 Jan, 2021
The Union Finance Ministry has released Rs 12,351.5 crore to 18 states
for providing grants to the Rural Local Bodies (RLBs). This amount is
the second instalment of basic grants released in the financial year
2020-21.
The grant has been released to 18 states who have
provided the Utilisation Certificate for the first instalment and on the
recommendation of the Ministry of Panchayati Raj.
The grants to
RLBs are released, as per the recommendations of the 15th Finance
Commission, to create community assets and improve financial viability
of the RLBs. The grants are provided to all the three tiers of
Panchayati Raj - Village, Block and District to enable pooling of
resources across villages and blocks.
The 15th Finance Commission
has recommended two types of grants to the RLBs - basic and tied
grants. Basic grants are untied and can be used by the local bodies for
location specific felt needs except for salary or other establishment
expenditure.
The tied grants can be used for the basic services
of sanitation and maintenance of Open Defecation Free (ODF) status and
supply of drinking water, rain water harvesting and water recycling.
The
grants are meant to ensure additional funds to RLBs over and above the
funds allocated by the Centre and the state for sanitation and drinking
water under the Centrally Sponsored Schemes like Swachh Bharat and Jal
Jeevan Mission.
The states are required to transfer the grants to
the RLBs within 10 working days of receipt from the Union Government.
Any delay beyond 10 working days requires the state governments to
release the grants with interest.
The first instalment of basic
grants to RLBs and arrears of 14th Finance Commission amounting to Rs
18,199 crore were released to all the states in June 2020. Subsequently,
the 1st instalment of tied grants amounting to Rs 15,187.50 crore was
also released to all the states.
Thus, a total amount of Rs
45,738 crore of both basic and tied grants has been released so far by
the Department of Expenditure to the states for RLBs.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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87.50
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84.65 |
Euro
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75.65 |
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