Finmin releases ₹9,871 crore as 3rd instalment of revenue grant to 17 States
June 09, 2021
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The 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of ₹1,18,452 crore in the year 2021-22 The Finance Ministry on Wednesday announced releasing ₹9,871 crore as revenue grant to 17 States. With this, over ₹28,000 crore has been released.
The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of the Constitution. The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in Revenue Accounts of the States post devolution. The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 States.
The Finance Ministry has released the third monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 states.With the release of the instalment, a total amount of Rs 29,613 crore has been .
The Finance Ministry has released the third monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 states. With the release of the instalment, a total amount of Rs 29,613 crore has been released in the first three months of the current financial year as Post Devolution Revenue Deficit Grant to the states. The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of the Constitution. The grants are released as per the recommendations of the Finance Commission in monthly installments to meet the gap in Revenue Accounts of the States post devolution.
Finance Ministry releases Rs 9,871 crore as revenue deficit grant to 17 states
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Last Updated: May 06, 2021, 05:27 PM IST
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The Centre provides the Post Devolution Revenue Deficit Grant to the states under Article 275 of the Constitution. The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in revenue accounts of the states post-devolution.
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The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 states based on the gap between the assessment of revenue and expenditure of the state.
The Finance Ministry on Thursday released the second monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states. With the release of the second instalment, a total amount of Rs 19,742 crore has been released in the first two months of the current financial year as Post Devolution Revenue Deficit Grant to the states, the ministry said in a statement.