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Revenue Deficit Grant of ₹ 6,194.09 crore released to 14 States

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..... Revenue Deficit Grant of ₹ 6,194.09 crore released to 14 States - News and Press Release Dated:- 10-3-2021 - News - Revenue Deficit Grant of ₹ 6,194.09 crore released to 14 States Total Revenue Deficit Grant of ₹ 74,340 crore released to States in the current financial year The Department of Expenditure, Ministry of Finance released today the 12th and final month .....

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..... ly instalment of Post Devolution Revenue Deficit (PDRD) Grant of ₹ 6,194.09 crore to the States. With the release of this installment, a total amount of ₹ 74,340 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year. State-wise details of the grant released this month and total amount of Post Devolution Revenue Deficit .....

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..... Grant released to the States in 2020-21 is annexed. The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution. The grants are released in monthly instalments as per the recommendations of the Fifteenth Finance Commission to meet the gap in Revenue Accounts of the States post devolution. The Commission has recommended PDRD grants to 14 Stat .....

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..... es. 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 the financial year 2020-21. The Fifteenth Finance Commission had recommended a total Post Devolution Revenue Deficit Grant of ₹ 74,340 crore to 14 .....

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..... States in the financial year 2020-21. 100% of the amount recommended by the Commission to these 14 States has been released by the central government. The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, .....

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..... Uttarakhand and West Bengal. State-wise Post Devolution Revenue Deficit Grants Released (Rs. In crore) S. No. Name of State Amount released on 10 th March 2021 (12 th instalment) Total amount released in 2020-21 1. Andhra Pradesh .....

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..... 491.34 5896.92 2. Assam 631.48 7578.90 3. Himachal Pradesh 952.43 11430.85 4. Kerala 1276.72 15322.80 5. .....

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..... Manipur 235.30 2823.97 6. Meghalaya 40.91 490.99 7. Mizoram 118.48 1421.98 8. Nagaland 326.36 3916.94 .....

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..... 9. Punjab 638.15 7658.90 10 Sikkim 37.33 448.00 11 Tamil Nadu 335.36 4024.94 12 Tripura 269.62 3235.9 .....