The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21. As per RE 2020-21, ₹5,49,959 crore, being 41% of the shareable pool of taxes and duties were estimated to be released to the States. However, Ministry of Finance has devolved an amount of ₹5,94,996 crore, based on the initial estimates of shareable pool that would be collected in 2020-21.
The Ministry of Finance has released these amounts to share the revenue buoyancy seen in Q4 2020-21 and in the true spirit of fiscal federalism. The additional amount of ₹45,000 crore was released in two instalments of ₹14,500 crore and ₹30,500 crore. ₹14,500 crore was released along with the 14th regular instalment of devolution on 26th March 2021, whereas the second instalment of ₹30,500 crore was released to the States on 31st March 2021.
|
Sl. No |
State |
RE 2020-21 |
Additional over RE 2020-21 |
Overall releases in FY 2020-21 |
|
1 |
Andhra Pradesh |
22,611 |
1,850 |
24,461 |
|
2 |
Arunachal Pradesh |
9,681 |
792 |
10,473 |
|
3 |
Assam |
17,220 |
1,409 |
18,629 |
|
4 |
Bihar |
55,334 |
4,527 |
59,861 |
|
5 |
Chhattisgarh |
18,799 |
1,538 |
20,338 |
|
6 |
Goa |
2,123 |
174 |
2,296 |
|
7 |
Gujarat |
18,689 |
1,529 |
20,219 |
|
8 |
Haryana |
5,951 |
487 |
6,438 |
|
9 |
Himachal Pradesh |
4,394 |
360 |
4,754 |
|
10 |
Jharkhand |
18,221 |
1,491 |
19,712 |
|
11 |
Karnataka |
20,053 |
1,641 |
21,694 |
|
12 |
Kerala |
10,686 |
874 |
11,560 |
|
13 |
Madhya Pradesh |
43,373 |
3,549 |
46,922 |
|
14 |
Maharashtra |
33,743 |
2,761 |
36,504 |
|
15 |
Manipur |
3,949 |
323 |
4,272 |
|
16 |
Meghalaya |
4,207 |
344 |
4,552 |
|
17 |
Mizoram |
2,783 |
228 |
3,011 |
|
18 |
Nagaland |
3,151 |
258 |
3,409 |
|
19 |
Odisha |
25,460 |
2,083 |
27,543 |
|
20 |
Punjab |
9,834 |
805 |
10,638 |
|
21 |
Rajasthan |
32,885 |
2,690 |
35,576 |
|
22 |
Sikkim |
2,134 |
175 |
2,308 |
|
23 |
Tamil Nadu |
23,039 |
1,885 |
24,924 |
|
24 |
Telangana |
11,732 |
960 |
12,692 |
|
25 |
Tripura |
3,899 |
319 |
4,218 |
|
26 |
Uttar Pradesh |
98,618 |
8,069 |
1,06,687 |
|
27 |
Uttarakhand |
6,072 |
497 |
6,569 |
|
28 |
West Bengal |
41,353 |
3,384 |
44,737 |
|
TOTAL |
5,49,997 |
45,000 |
5,94,996 |
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