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Revenue Deficit Grant of Rs. 9,871 crore released to 17 States Total Revenue Deficit Grant of Rs. 29,613 crore released to States in last 3 months The Department of Expenditure, Ministry of Finance on Tuesday released the 3rdmonthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore for the year 2021-22 to 17 States. With the release of 3rdinstallment, a total amount of Rs.29, 613crore has been released in the first three months of the current financial year
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FAQ :
A total of £29,613 crore has been released to states as Post Devolution Revenue Deficit Grant in the last three months.
The latest, third monthly installment released was £9,871 crore.
Seventeen states received this grant.
The Post Devolution Revenue Deficit Grant is provided to states under Article 275 of the Constitution.
The 15th Finance Commission recommended these Post Devolution Revenue Deficit grants.
The 15th 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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