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Finance Ministry Releases Fifth Instalment Of Revenue Deficit Grant Of Rs 9,871 Crore To 17 States

So far, a total amount of Rs. 49,355 crore has been released to eligible States as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year.

By : ABP News Bureau | Updated at : 11 Aug 2021 09:15 AM (IST)

New Delhi: In its fifth monthly instalment, the Department of Expenditure, Ministry of Finance has released a revenue deficit grant of Rs. 9,871 crore to the states on Monday. So far, a total amount of Rs. 49,355 crore has been released to eligible States as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year.

This particular grant is provided to the states under Article 275 of the Constitution. The grants are released as per the recommendations of the 15^th Finance Commission in monthly installments to meet the gap in Revenue Accounts of the States post-devolution.

What makes the state eligible for the grant?

Around 17 states have been given funding during 2021-22. The quantum of the grant has been 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 2021-22.

The 15^th 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. Out of this, an amount of Rs. 49,355 crore (41.67%) has been released so far.

Here’s the list of states and grants received in the fifth instalment (in crores):

Andhra Pradesh — Rs 1,438.08

Assam — Rs 531.33

Haryana — Rs 11.00

Himachal Pradesh — Rs 854.08

Karnataka — Rs 135.92

Kerala — Rs 1,657.58

Manipur — Rs 210.33

Meghalaya — Rs 106.58

Mizoram — Rs 149.17

Nagaland — Rs 379.75

Punjab — Rs 840.08