Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 States

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....evenue Deficit Grant of Rs. 7,183.42 crore released to 14 States <br>News and Press Release<br>Dated:- 3-8-2022<br><BR>Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 States Total Revenue Deficit Grant released to States so far in current financial year has gone up to Rs. 35,917.08 crore States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23 The Department of Ex....

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....penditure, Ministry of Finance has on Wednesday released the 5th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 7,183.42 crore to 14 States. The grant has been released as per the recommendations of the Fifteenth Finance Commission. The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the fi....

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....nancial year 2022-23. The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly instalments. With the release of 5th instalment for the month of August, 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs. 35,917.08 crore. The Post Devolution Revenue Deficit Grants are provided to the States ....

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....under Article 275 of the Constitution. The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution. The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the Fifteenth Finance Commission based on the gap between asses....

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....sment of revenue and expenditure of the State after taking into account the assessed devolution during this period. The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission during 2022-23 are : Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Benga....

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....l. State-wise details of Post Devolution Revenue Deficit Grant recommended for 2022-23 and the amount released to States as 5th instalment are as under: State-wise Post Devolution Revenue Deficit Grant (PDRDG) Released (Rs in crore) S. No. Name of State PDRDG recommended by FC-XV for the year 2022-23. 5th instalment released for the month of August, 2022. Total PDRDG released to States dur....

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....ing 2022-23. 1 Andhra Pradesh 10,549 879.08 4395.42 2 Assam 4,890 407.50 2037.50 3 Himachal Pradesh 9,377 781.42 3907.08 4 Kerala 13,174 1097.83 5489.17 5 Manipur 2,310 192.50 962.50 6 Meghalaya 1,033 86.08 430.42 7 Mizoram 1,615 134.58 672.92 8 Nagaland 4,530 377.50 1887.50 9 Punjab 8,274 689.50 3447.50 10 Rajasthan 4,862 405.17 2025.83 11 Sikki....

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....m 440 36.67 183.33 12 Tripura 4,423 368.58 1842.92 13 Uttarakhand 7,137 594.75 2973.75 14 West Bengal 13,587 1132.25 5661.25<BR> News - Press release - PIB....