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 →
 

Central transfers of funds for development of states

July 19, 2021
  • Contents

The Union Government provides funds to the State Governments under the Centrally Sponsored Schemes (CSS), Central Sector Schemes (CS), Finance Commission grants (FC grants) and Other Grants /Loans/Transfers as per the guidelines of the respective Scheme within the availability of Gross Budgetary Support with the Union Government. This was stated by Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in the Lok Sabha today.

The Minister gave details of central transfers to States as per the Union Budget 2020-21(RE) and 2021-22 (BE) as under:-

(Rs in crore)

S. No.

Nature of Central Transfers to States

2020-21 (RE)

2021-22 (BE)

  1.  

Total Transfers excluding Tax Devolution

713014.40

674253.42

 

Of which

 

 

  1.  

Centrally Sponsored Schemes

315238.00

318857.20

  1.  

Central Sector Schemes

42374.08

43016.21

  1.  

Finance Commission Transfers

182352.43

220843.00

The concerned State Governments and Central Ministries/Departments review and monitor implementation of the schemes as per the scheme/programme specific guidelines to ensure effective utilization of funds including expenditure incurred, the Minister said.

← 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 || ||