Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
News
Home News News and Press Release Month 7 2021 2021 (7) This
← Previous Next →
 

Revenue Deficit Grant of ₹ 9,871 crore released to 17 States

July 8, 2021
  • Contents

Revenue Deficit Grant of ₹ 9,871 crore released to 17 States

Total Revenue Deficit Grant of ₹ 39,484 crore released to States in the current financial year

The Department of Expenditure, Ministry of Finance, has released the 4th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of ₹ 9,871.00 crore to the States yesterday.  With the release of this installment, a total amount of ₹ 39,484.00 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year.

State-wise details of the grant released this month and total amount of PDRD Grant released to the States in 2021-22 is annexed.

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 in monthly installments to meet the gap in Revenue Accounts of the States post devolution.  The Commission has recommended PDRD grants to 17 States during 2021-22.

The eligibility of States to receive this grant and the quantum of grant was decided by the Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution for the financial year 2021-22.

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of ₹ 1,18,452 crore to 17 States in the financial year 2021-22.  Out of this, an amount of ₹ 39,484 crore (33.33%) has been released so far in 4 installments.

The States recommended for PDRD Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

State-wise Post Devolution Revenue Deficit Grants Released

S.No.

Name of State

Amount released in July 2021

(4th installment)

(Rs. in crore)

Total amount released during 2021-22

(Rs. in crore)

 

Andhra Pradesh

1438.08

5752.33

 

Assam

531.33

2125.33

 

Haryana

11.00

44.00

 

Himachal Pradesh

854.08

3416.33

 

Karnataka

135.92

543.67

 

Kerala

1657.58

6630.33

 

Manipur

210.33

841.33

 

Meghalaya

106.58

426.33

 

Mizoram

149.17

596.67

 

Nagaland

379.75

1519.00

 

Punjab

840.08

3360.33

 

Rajasthan

823.17

3292.67

 

Sikkim

56.50

226.00

 

Tamil Nadu

183.67

734.67

 

Tripura

378.83

1515.33

 

Uttarakhand

647.67

2590.67

 

West Bengal

1467.25

5869.00

 

Total

9,871.00

39484.00

 

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||