Quick Summary
Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 States Total Revenue Deficit Grant released to States so far in current financial year gone up to Rs. 43,100.50 crore States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23 The Department of Expenditure, Minist
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FAQ :
Rs 7,183.42 crore has been released as the sixth monthly instalment of the Post Devolution Revenue Deficit (PDRD) Grant.
Fourteen states received this revenue deficit grant.
The total amount of Revenue Deficit Grants released to the states in the current financial year (2022-23) has reached Rs 43,100.50 crore.
The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 86,201 crore for 14 states for the financial year 2022-23.
The states that received the grant are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand, and West Bengal.
The grants are released by the Department of Expenditure in 12 equated monthly instalments as per the recommendations of the Finance Commission.
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