Home » News » Banking & Finance » Revenue Deficit Grant of Rs. 9, 871 crore released to 17 States

Revenue Deficit Grant of Rs. 9, 871 crore released to 17 States

The Department of Expenditure, Ministry of Finance on Tuesday released the 3rd 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 3rd installment, a total amount of Rs. 29, 613 crore has been released in the first three months of the current financial year as Post Devolution Revenue Deficit Grant to the states. State-wise details of the grant released on Tuesday and total amount of Post Devolution Revenue Deficit Grant released to the States in 2021-22 is enclosed.

The Centre provides the Post Devolution Revenue Deficit 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 Post Devolution Release Deficit grants to 17 States.

The States recommended for Post Devolution Revenue Deficit 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 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. Assessed devolution for the financial year 2021-22 was also taken into account by the Commission.

The 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 1,18,452 crore to 17 States in the financial year 2021-22. The grant is released to the States in 12 monthly installments.

State-wise Post Devolution Revenue Deficit Grant Released

 

S. No. Name of State Amount released in June 2021

(3rd   installment)

(Rs. in crore)

Total amount released in 2021-22

(April -June 2021)

(Rs. in crore)

Andhra Pradesh 1438.08 4314.24
Assam 531.33 1593.99
Haryana 11.00 33
Himachal Pradesh 854.08 2562.24
Karnataka 135.92 407.76
Kerala 1657.58 4972.74
Manipur 210.33 630.99
Meghalaya 106.58 319.74
Mizoram 149.17 447.51
Nagaland 379.75 1139.25
Punjab 840.08 2520.24
Rajasthan 823.17 2469.51
Sikkim 56.50 169.5
Tamil Nadu 183.67 551.01
Tripura 378.83 1136.49
Uttarakhand 647.67 1943.01
West Bengal 1467.25 4401.75
  Total 9,871.00 29,613.00

 

****

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Competition Commission of India notifies three distinct regulations on determination of turnover, settlement, commitment and penalty guidelines in relation to an enterprise

The Competition Commission of India (CCI) has notified three regulations viz. THE CCI (SETTLEMENT) REGULATIONS, 2024; THE ...

DoT initiates Spectrum Auction to augment the existing telecom services and maintain continuity of services Issues Notice Inviting Applications today to this effect

Department of Telecom (DoT) has initiated the Spectrum Auction to augment the existing telecom services ...

CIL Achieves Record Coal Production of 703.91 MT up to 7th March 2024

The Coal India Limited (CIL) has achieved a record production of 703.91 million tonnes (MT) ...

ChipIN, the one-stop centre for chip designers across the country, gets fillip with support from semiconductor industry leaders

“This is a huge opportunity for current and budding entrepreneurs from Trivandrum and Kerala, to ...

Make in India not only for India but for the world: Power and New & Renewable Energy Minister Shri R. K. Singh exhorts manufacturing industry

The Union Minister for Power and New & Renewable Energy Shri R. K. Singh has ...

Measures by Government shall lead to three-fold increase in Natural Gas consumption by 2030: Petroleum Minister Hardeep S Puri

In a significant stride towards achieving 100% coverage of country’s area for the development of ...

Historical Coal Production growth: Cheaper and Assured Availability

Our country is endowed with 5th largest geological reserves of coal.  We are 2nd largest consumers of ...

Coal Production and Dispatch from Captive and Commercial Mines Goes up by 27% and 29% respectively during Current Fiscal upto February 2024

There is month on month (m-o-m) and year-on-year (yoy) increase in coal production and dispatch ...

Shri Dharmendra Pradhan launches Project ODISERV

Union Minister of Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan, launched Project ODISERV ...

Indian Railways achieve 1434.03 MT freight loading till February, 2024

On cumulative basis from April 2023 – February 2024, freight loading of 1434.01 MT was ...

WP2Social Auto Publish Powered By : XYZScripts.com