The Department of Expenditure, Ministry of Finance, has disbursed a monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs 6,195.08 crore to 14 states. This marks the eleventh instalment of these grants in the current financial year, bringing the total released to Rs 68,145.91 crore. These grants, provided under Article 275 of the Constitution, are intended to help states bridge gaps in their revenue accounts following fund devolution, based on the recommendations of the Fifteenth Finance Commission.
Total Revenue Deficit Grant of Rs. 68,145.91 crore released to States in the current financial year
The Department of Expenditure, Ministry of Finance has released monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs. 6,195.08 crore to the States. This was the 11th instalment of the PDRD grant released to the States.
So far, an amount of Rs. 68,145.91 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year. State-wise details
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FAQ :
A total of Rs 6,195.08 crore was released as the 11th instalment of the Post Devolution Revenue Deficit Grant.
Fourteen states received this grant.
So far, Rs 68,145.91 crore has been released to eligible states in the current financial year.
These grants are provided to the states under Article 275 of the Constitution.
The Fifteenth Finance Commission recommended these Post Devolution Revenue Deficit grants.
The states that received the grant are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand, and West Bengal.