The Ministry of Finance on Monday said it has released Rs 9,871 crore of revenue deficit grant to 17 states. An official statement pertaining to the matter reads as follows: ''The Department of Expenditure, Ministry of Finance has released 7th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871.00 crore to the States here today. With the release of this instalment, a total amount of Rs 69,097.00 crore has been released to eligible states as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year.'' It added. ''The 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 1,18,452 crore to 17 States in the financial year 2021-22. Out of this, an amount of Rs 69,097.00 crore (58.33 per cent) has been released so far.''.

The states which will obtain money from the grant as recommended by the 15th Finance Commission are namely Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

The grants are released as per the recommendations of the 15th Finance Commission in monthly instalments to meet the gap in revenue accounts of the states post-devolution. The Commission has recommended this grant to 17 states during 2021-22.

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