17 states receive a monthly revenue deficit grant of Rs 9,871 cr

NEW DELHI: The tenth installment of the monthly Post-Devolution Revenue Deficit Fund will be distributed to seventeen states (PDRD). In the current financial year, a total of Rs 98,710 crore has been released to eligible States as Post Devolution Revenue Deficit Grant, according to the Ministry of Finance's Department of Expenditure.

Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand, and West Bengal are the states getting the benefits.

Article 275 of the Constitution provides the States with Post Devolution Revenue Deficit Grants. The grants are distributed to the states in accordance with the recommendations of the Fifteenth Finance Commission in order to close the shortfall in state revenue accounts following devolution. The Commission has proposed that 17 states get PDRD grants, which are being distributed in monthly instalments.

The Commission determined the eligibility of states for this grant and the amount of the grant based on the difference between the state's assessed revenue and expenditure after taking into account the assessed devolution for the fiscal year 2021-22. In the financial year 2021-22, the Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 1,18,452 crore to 17 States. So far, a total of Rs 98,710 crore (83.33 percent) has been issued.

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