TaxTMI 
TaxTMI 
Allocation of Funds to Panchayats
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....llocation of Funds to Panchayats <br>News and Press Release<br>Dated:- 27-2-2016<br><BR>The local bodies grants are released to Gram Panchayats through their respective State Governments as per the re....
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....commendations and allocations made by respective Finance Commissions. Presently, the recommendations of the Fourteenth Finance Commission (FFC) are being implemented. FFC, during its award period of 2....
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....015-2020, has inter-alia, recommended distribution of grants to the States using 2011 population data with weightage of 90 per cent and area with weightage of 10 per cent. FFC has worked out the total....
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.... size of the grant amounting to ₹ 2,87,436 crore for the period from 1.4.2015 to 31.3.2020, constituting an assistance of ₹ 488 per capita per annum at an aggregated level. Of this, the gr....
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....ant recommended for panchayats (rural local bodies) is ₹ 2,00,292.2 crore. The earmarked basic grants for gram panchayats is envisaged to be distributed, using the formula prescribed by the most....
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.... recently approved State Finance Commission (SFC) for the distribution of resources. However, in case the SFC formula is not available, then the share of each gram panchayat as specified above is envi....
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....saged to be distributed across the entities using 2011 population with a weight of 90 per cent and area with a weight of 10 per cent. This was stated by Shri Jayant Sinha, Minister of State in the Mi....
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....nistry of Finance in written reply to a question in Lok Sabha.<BR> News - Press release - PIB....