Finance ministry releases monthly revenue deficit grant to 17 states totalling Rs 9,871 crore
The finance ministry has released monthly revenue deficit grant to 17 states totalling Rs 9,871 crore. This was the 10th instalment of the post devolution revenue deficit (PDRD) grant released to the states. So far, an amount of Rs 98,710 crore has been released to 17 states as post devolution revenue deficit grant in the current financial year.
States which received this grant are Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
The grants are released as per the recommendations of the 15th Finance Commission in monthly installments to meet the gap in revenue accounts of states post devolution. The Commission has recommended this grant to 17 states during 2021-22. 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 after taking into account the assessed devolution for 2021-22.
