17 states to get Rs 9,871 cr as monthly revenue deficit grant

Top Stories

»	Iran officially closes Strait of Hormuz, crude oil pices expected to soar
»	Sensex, Nifty drop over 1 pc over heightened Middle East tensions
»	Market weekly roundup: Sensex, Nifty slip as global tensions weigh on sentiment
»	Govt launches casebook on AI and gender empowerment
»	India concludes 9 FTAs, gives businesses more access to global trade: Piyush Goyal

SME Times News Bureau | 06 Jan, 2022
Seventeen states are to receive Rs 9,871 crore as the 10th instalment of monthly Post Devolution Revenue Deficit (PDRD). So far, an amount of Rs 98,710 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year, informed the Department of Expenditure, Ministry of Finance on Thursday.

These states are -- Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution. The grants are released to the States as per the recommendations of the Fifteenth Finance Commission to meet the gap in Revenue Accounts of the States post devolution. The Commission has recommended PDRD grants to 17 States and the same is being released in monthly instalments.

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 98,710 crore (83.33 per cent) has been released so far.