The finance ministry in its release on Thursday said that the Centre has released the fourth monthly instalment of the Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 states,
The Centre provides the Post Devolution Revenue Deficit Grant to the states under Article 275 of the Constitution. The grants are released as per the recommendations of the 15th Finance Commission in monthly instalments in order to meet the revenue gap in Revenue Accounts of the states post-devolution. The commission has recommended Devolution Revenue Deficit grants to 17 states during 2021-22
The States recommended for PDRD Grant by the 15th 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. 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.
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