PIB | 07 Jul, 2022
The Department of Expenditure, Ministry of Finance, has on Wednesday released the 4th
monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of
Rs. 7,183.42 crore to 14 States. The grant has been released as per the
recommendations of the Fifteenth Finance Commission.
The
Fifteenth Finance Commission has recommended a total Post Devolution
Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the financial
year 2022-23. The recommended grant is released by the Department of
Expenditure to the recommended States in 12 equated monthly instalments.
With the release of 4th instalment for the month of July,
2022, the total amount of Revenue Deficit Grants released to the States
in 2022-23 has gone up to Rs. 28733.67 crore.
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 successive Finance Commissions to
meet the gap in Revenue Accounts of the States post devolution.
The eligibility of States to receive this grant and the quantum of
grant for the period from 2020-21 to 2025-26 was decided by the
Fifteenth Commission based on the gap between assessment of revenue and
expenditure of the State after taking into account the assessed
devolution during this period.
The
States who have been recommended Post Devolution Revenue Deficit Grant
by the Fifteenth Finance Commission during 2022-23 are : Andhra Pradesh,
Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland,
Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.