Submit devolution income deficit grant of Rs 6,195 crore launched to 14 states

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NEW DELHI: The Division of Expenditure has launched month-to-month publish devolution income deficit (PDRD) grant of Rs 6,195 crore to the states.

This was the 11th instalment of the PDRD grant launched. To date, an quantity of Rs 68,146 crore has been launched to eligible states as PDRD grant within the present monetary yr, in response to an official assertion launched on Friday.

The PDRD grants are supplied to states below Article 275 of the Structure. The grants are launched in month-to-month instalments as per suggestions of the 15th Finance Commission to satisfy the hole in income accounts of states publish devolution. The fee has beneficial PDRD grants to 14 states.

The eligibility of states to obtain this grant and the quantum of grant was determined by the fee primarily based on the hole between evaluation of income and expenditure after making an allowance for the assessed devolution for the monetary yr 2020-21.

The 15th Finance Fee has beneficial a complete PDRD grant of Rs 74,341 crore to 14 states within the monetary yr 2020-21. Of this, Rs 68,145.9 crore (91.66 per cent) has been launched thus far.

The states are: Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.





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