The Ministry of Finance has advanced the release of Rs 8,923.8 crore to Panchayats across 25 states. This funding, intended as the first instalment of 'Untied Grants' for 2021-22, will help rural local bodies combat the COVID-19 pandemic. The release was expedited due to the ongoing pandemic, and a condition regarding online account availability has been waived for this instalment.
Centre releases Rs. 8923.8 crore to Panchayats in 25 States
Release of grant advanced in view of COVID-19 pandemic
The Department of Expenditure, Ministry of Finance, yesterday released an amount of Rs. 8,923.8 crore to 25 States for providing grants to the Rural LocalBodies (RLBs). Thegrants are meant for all the three tiers of Panchayati Raj Institutions village, block and district.
The amount released on Saturday is the first instalment of the Untied Grants for the year 2021-22. I
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FAQ :
An amount of Rs 8,923.8 crore has been released to Panchayats in 25 states.
The release of the grant has been advanced in view of the ongoing COVID-19 pandemic situation.
The grants are meant for all three tiers of Panchayati Raj Institutions: village, block, and district.
The funds can be utilised for various prevention and mitigation measures needed to combat the COVID-19 pandemic, among other things.
A condition set by the 15th Finance Commission regarding the online availability of accounts was waived for this first instalment due to the prevailing circumstances.