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