Revenue Deficit Grant of Rs 9,871 cr released to 17 States
By IANS |
Published on
Thu, May 6 2021 19:48 IST |
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Finance Ministry. (File Photo: IANS). Image Source: IANS News
New Delhi, May 6 : The Union Finance Ministry on Thursday released the 2nd monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 states.
With the release of 2nd installment, a total amount of Rs 19,742 crore has been released in the first two months of the current financial year as PDRD grant to the states.
The Centre provides the grant to the states under Article 275 of the Constitution. The grants are released as per the recommendations of the Finance Commission in monthly installments to meet the gap in revenue accounts of the states post devolution. The 15th Finance Commission has recommended PDRD grants to 17 states.
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