The Department of Expenditure, Ministry of Finance today released the 2nd monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore for the year 2021-22 to 17 States. With the release of 2nd installment, 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. State-wise details of the grant released on Thursday and total amount of Post Devolution Revenue Deficit Grant released to the States in 2021-22 is enclosed.
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. The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 States. The States recommended for Post Devolution Revenue Deficit Gran
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. 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.
Revenue Deficit Grant of Rs 9,871 cr released to 17 states: Finance Ministry ANI | Updated: May 06, 2021 20:27 IST
New Delhi [India], May 6 (ANI): The Department of Expenditure, Ministry of Finance on Thursday released the second monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 States. With the release of second installment, 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 , read the release by the Union Ministry.
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.
Centre releases 2nd tranche of revenue deficit grant of over ₹9,800 crore
May 06, 2021
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 - Getty Images/iStockphoto
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 - Getty Images/iStockphoto×
Based on recommendations of the 15 Finance Commission, 17 States will receive ₹1.18-lakh crore in the current financial year The Finance Ministry on Thursday released over ₹9,800 crore as revenue deficit grant to 17 States.
Finance Ministry releases ₹9,871 crore as revenue deficit grant to 17 States
Updated:
Updated:
May 06, 2021 17:53 IST
With this second installment, the total amount released during of the first two months of the current financial year has reached ₹19,742 crore.
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The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of the Constitution.
With this second installment, the total amount released during of the first two months of the current financial year has reached ₹19,742 crore.
The Finance Ministry on Thursday released the second monthly instalment of revenue deficit grant of ₹9,871 crore to 17 States.
With the release of the second instalment, a total amount of ₹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.