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Revenue Deficit Grant of Rs.9,871 crore released to 17 States Total Revenue Deficit Grant of Rs. 69,097.00 crore released to States in current financial year The Department of Expenditure, Ministry of Finance has released 7thmonthly installment of Post Devolution Revenue Deficit (PDRD) Grant o
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FAQ :
A total of £69,097.00 crore has been released to eligible states as Post Devolution Revenue Deficit Grant in the current financial year.
The latest, seventh monthly instalment of the Post Devolution Revenue Deficit Grant released was £9,871.00 crore.
The Post Devolution Revenue Deficit Grant is provided to the States under Article 275 of the Constitution.
The grants are released as per the recommendations of the Fifteenth Finance Commission.
The Fifteenth Finance Commission has recommended Post Devolution Revenue Deficit grants to 17 States during 2021-22.
The Fifteenth Finance Commission recommended a total Post Devolution Revenue Deficit Grant of £1,18,452 crore to 17 States for the financial year 2021-22.
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