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Amount is the 12th and final monthly instalment of PDRD grant of ₹6,194 cr released to 14 States by the Department of Expenditure, Union Ministry of Finance, on Wednesday
Updated Mar 10, 2021 | 17:36 IST
100 per cent of the amount recommended by the Commission to these 14 states has been released by the central government. FinMin releases final instalment of Rs 6,194 cr revenue devolution grant to states | Photo Credit: BCCL
New Delhi: The Finance Ministry on Wednesday released the 12th and final monthly instalment of revenue deficit grant of Rs 6,194 crore to the states. With the release of this instalment, a total amount of Rs 74,340 crore has been released to eligible states as Post Devolution Revenue Deficit (PDRD) Grant in the current financial year, the ministry said in a statement.
The Post Devolution Revenue Deficit 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 states.
Finance Ministry releases final instalment of Rs 6,194 crore revenue devolution grant to states
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Last Updated: Mar 10, 2021, 05:50 PM IST
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Synopsis
The Post Devolution Revenue Deficit 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 states.
The Fifteenth Finance Commission had recommended a total Post Devolution Revenue Deficit Grant of Rs 74,340 crore to 14 States in the financial year 2020-21.
The Finance Ministry on Wednesday released the 12th and final monthly instalment of revenue deficit grant of Rs 6,194 crore to the states. With the release of this instalment, a total amount of Rs 74,340 crore has been released to eligible states as Post Devolution Revenue Deficit (PDRD) Grant in the current financial year, the ministry said in a statement.
Finance ministry releases final instalment of Rs 6,194 crore revenue devolution grant to states indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.