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Revenue Deficit Grant of Rs. 9,871 crore released to 17 States Total Revenue Deficit Grant of Rs. 39,484 crore released to States in the current financial year The Department of Expenditure, Ministry of Finance, has released the 4thmonthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871.00 crore to the States yesterday. With the release of this installment, a total amount of Rs.39,484.00crore has been released to eligible States as Post Devolution Revenue Deficit Gra
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4999
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FAQ :
A total of £39,484 crore has been released to eligible states as Post Devolution Revenue Deficit Grant in the current financial year.
The latest monthly instalment, which is the fourth one, 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.
Seventeen states were recommended for PDRD Grant by the Fifteenth Finance Commission 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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