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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 has gone up to Rs. 28733.67 crore States will get a total Revenue Deficit Grant of Rs.86,201 crore in 2022-23 The Department of Expenditure, Ministry of Finance, has on Wednesday released the 4thmonthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 7,183.42 crore to 14 States. The grant has been released as per the recommen
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FAQ :
The total Revenue Deficit Grant recommended by the Fifteenth Finance Commission for 14 states in the financial year 2022-23 is Rs. 86,201 crore.
The fourth monthly instalment of Rs. 7,183.42 crore was released to 14 states.
As of the release of the fourth instalment, the total amount of Revenue Deficit Grants released to the states in 2022-23 has reached Rs. 28,733.67 crore.
The states recommended to receive the Post Devolution Revenue Deficit Grant during 2022-23 are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand, and West Bengal.
The Post Devolution Revenue Deficit Grants are provided to the states under Article 275 of the Constitution.
These grants are released as per the recommendations of the Fifteenth Finance Commission.
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