Grant of Rs 12,351 cr released for Rural Local Bodies
By IANS |
Published on
Wed, Jan 27 2021 21:03 IST |
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Rupees.. Image Source: IANS News
New Delhi, Jan 27 : The Union Finance Ministry has released Rs 12,351.5 crore to 18 states for providing grants to the Rural Local Bodies (RLBs). This amount is the second instalment of basic grants released in the financial year 2020-21.
The grant has been released to 18 states who have provided the Utilisation Certificate for the first instalment and on the recommendation of the Ministry of Panchayati Raj.
The grants to RLBs are released, as per the recommendations of the 15th Finance Commission, to create community assets and improve financial viability of the RLBs. The grants are provided to all the three tiers of Panchayati Raj - Village, Block and District to enable pooling of resources across villages and blocks.
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