FinMin releases third instalment of revenue deficit grant of Rs 9,871 cr to 17 states
Team Udayavani, Jun 9, 2021, 5:40 PM IST
Credit: Reuters Photo
New Delhi: The Finance Ministry on Wednesday said it has released third monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states.
With the release of this instalment, total Rs 29,613 crore has been released in the first three months of the current financial year as Post Devolution Revenue Deficit Grant to states.
“The Department of Expenditure on Tuesday released the 3rd monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 states,” the ministry said in a statement.
The Centre provides PDRD grant to 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 states post devolution.
The 15th Finance Commission has recommended PDRD grants to 17 states — Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
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. Assessed devolution for financial year 2021-22 was also taken into account by the Commission.
The 15th Finance Commission has recommended total PDRD grant of Rs 1,18,452 crore to 17 states in 2021-22. The grant is released to states in 12 monthly instalments.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
FIR against Sanjay Raut’s brother for remarks against Shiv Sena’s woman leader
In-flight passengers can access WiFi services only when allowed, say new rules
Balasore tragedy result of composite negligence of railway officials: Orissa High Court
Three convicted for 2016 Kollam collectorate blast case
Expect Canadian government to ensure justice, uphold rule of law: PM Modi
MUST WATCH
Latest Additions
FIR against Sanjay Raut’s brother for remarks against Shiv Sena’s woman leader
Kodagu murder case accused escapes from police in Hyderabad
New software for fast-tracking project approvals: Karnataka Minister Patil
Karnataka Maritime Board announces plans for Mangaluru Water Metro Project
In-flight passengers can access WiFi services only when allowed, say new rules
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.