TMI Blog

Home

Revenue Deficit Grant (RDG) of Rs. 7,183.42 crore released to 14 States

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... Revenue Deficit Grant (RDG) of Rs. 7,183.42 crore released to 14 States - News and Press Release Dated:- 6-10-2022 - News - Revenue Deficit Grant (RDG) of Rs. 7,183.42 crore released to 14 States Total Revenue Deficit Grant released to States so far in current financial year has gone up to Rs. 50,283.92 crore States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23 .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... The Department of Expenditure, Ministry of Finance has on Thursday released the 7 th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States. The grant has been released as per the recommendations of the Fifteenth Finance Commission. The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 8 .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... 6,201 crore to 14 States for the financial year 2022-23. The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly instalments. With the release of 7 th instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs. 50,282.92 crore. The Post Devolution Re .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... venue Deficit Grants are provided to the States under Article 275 of the Constitution . The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution. The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... the Fifteenth Finance Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period. The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission during 2022-23 are : Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal. State-wise details of Post Devolution Revenue Deficit Grant recommended for 2022-23 and the amount released to States as 7 th instalment are as under: State-wise Post Devolution Revenue Deficit Grant (PDRDG) Released (Rs in crore) S. No. Nam .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... e of State 7 th instalment released for the month of October, 2022. Total PDRDG released to States during 2022-23. 1 Andhra Pradesh 879.08 6153.58 2 Assam 407.50 2852.50 3 .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... Himachal Pradesh 781.42 5469.92 4 Kerala 1097.83 7684.83 5 Manipur 192.50 1347.50 6 Meghalaya 86.08 602.58 .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... 7 Mizoram 134.58 942.08 8 Nagaland 377.50 2642.50 9 Punjab 689.50 4826.50 10 Rajasthan 405.17 2836.17 .....

X X X X Extracts X X X X

→ Full Text of the Document

X X X X Extracts X X X X

..... 11 Sikkim 36.67 256.67 12 Tripura 368.58 2580.08 13 Uttarakhand 594.75 4163.25 14 West Bengal 1132.25 7925.75 .....