Finance Ministry releases Rs 13,385.70 Crore Grant-in-aid For Rural Local Bodies



Quick Summary
The Finance Ministry has disbursed a significant grant of £13,385.70 crore to 25 states for their Rural Local Bodies. This funding, the first instalment of tied grants for 2021-22, is based on the 15th Finance Commission's recommendations. These grants are specifically allocated to enhance sanitation services, maintain open-defecation free status, and improve drinking water supply, rainwater harvesting, and water recycling initiatives in rural areas.

Grant-in-aid amounting to Rs. 13,385.70 crore released to Rural Local Bodies Total grant amounting to Rs. 25,129.98 crore released to Rural Local bodies so far in 2021-22 The Department of Expenditure, Ministry of Finance has on Monday released an amount of Rs.13,385.70crore to 25 States for providing grants to theRuralLocal Bodies. This Grant-in-aidis the 1st installment of Tied grants of the year 2021-22. The grants have been released as per the recommendations of the 15thFinance Commiss
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FAQ :

The Finance Ministry has released a grant-in-aid of £13,385.70 crore to Rural Local Bodies.

A total of £25,129.98 crore has been released to Rural Local Bodies so far in the 2021-22 financial year.

Tied grants are released to Rural Local Bodies for improving two critical services: sanitation (including maintenance of open-defecation free status) and the supply of drinking water, rainwater harvesting, and water recycling.

Sixty percent of the total grant-in-aid allocated for Panchayati Raj institutions is designated as 'Tied Grant'.

States are required to transfer the grants to the Rural Local Bodies within 10 working days of receiving them from the Union Government.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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