The Feb 1 budget will also kick off another round of restructuring of centrally sponsored schemes, scrapping those that have outlived their utility or arent seen to be achieving the necessary goals, which would in turn allow a bigger allocation to priority areas.
FinMin releases Rs 12,351 cr to 18 states for RLB grant
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Send The Finance Ministry on Wednesday said it has released Rs 12,351 crore to 18 states for providing grants to the rural local bodies.
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This amount is the second instalment of basic grants released in the financial year 2020-21, the ministry said in a statement. The Department of Expenditure, Ministry of Finance has released an amount of Rs 12,351.5 crore to 18 States for providing grants to the Rural Local Bodies (RLBs), it said.
The grants to RLBs are released as per the recommendations of the 15th Finance Commission to create community assets and improve the financial viability of the rural local bodies.
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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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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FinMin Releases Rs 12,351 Cr To 18 States For RLB grant
This amount is the second instalment of basic grants released in the financial year 2020-21, the ministry said in a statement.
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The Finance Ministry on Wednesday said it has released Rs 12,351 crore to 18 states for providing grants to the rural local bodies.
This amount is the second instalment of basic grants released in the financial year 2020-21, the ministry said in a statement. The Department of Expenditure, Ministry of Finance has released an amount of Rs 12,351.5 crore to 18 States for providing grants to the Rural Local Bodies (RLBs), it said.