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Centre releases Rs 9871 Cr towards revenue deficit grants to States

By TIOL News Service

NEW DELHI, OCT 11, 2021: THE Centre has released 7th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871.00 crore to the States here today.  With the release of this installment, 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.

State-wise details of the grant released this month and total amount of PDRD Grant released to the States in 2021-22 is annexed.

The Post Devolution Revenue Deficit Grant is provided to the States under Article 275 of the Constitution. The grants are released as per the recommendations of the Fifteenth Finance Commission in monthly installments to meet the gap in Revenue Accounts of the States post devolution.  The Commission has recommended PDRD grants to 17 States during 2021-22.

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.

 The Fifteenth 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%) has been released so far. 

The States recommended for PDRD Grant by the Fifteenth 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.

State-wise Post Devolution Revenue Deficit Grants Released

 

Name of State

Amount released in October 2021 (7th installment) (Rs. in crore)

Total amount released during 2021-22 (Rs. in crore)

Andhra Pradesh

1438.08

10066.58

Assam

531.33

3719.33

Haryana

11.00

77.00

Himachal Pradesh

854.08

5978.58

Karnataka

135.92

951.42

Kerala

1657.58

11603.08

Manipur

210.33

1472.33

Meghalaya

106.58

746.08

Mizoram

149.17

1044.17

Nagaland

379.75

2658.25

Punjab

840.08

5880.58

Rajasthan

823.17

5762.17

Sikkim

56.50

395.50

Tamil Nadu

183.67

1285.67

Tripura

378.83

2651.83

Uttarakhand

647.67

4533.67

West Bengal

1467.25

10270.75

 

9,871.00

69097.00


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