Revenue Deficit Grant of Rs. 9,871 crore Released to 17 States
Total Revenue Deficit Grant
of Rs. 49,355 crore Released to States in the Current
Financial Year
The Department of Expenditure, Ministry of Finance
has released 5th monthly installment of Post Devolution Revenue Deficit
(PDRD) Grant of Rs. 9,871 crore to the States on 9th
August, 2021. With the release of this installment, a total amount of Rs. 49,355 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. 49,355 crore (41.67%) 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
|
S.No. |
Name of State |
Amount released in July 2021 |
Total amount released during 2021-22 |
|
1.
|
Andhra Pradesh |
1438.08 |
7190.42 |
|
2.
|
Assam |
531.33 |
2656.67 |
|
3.
|
Haryana |
11.00 |
55.00 |
|
4.
|
Himachal Pradesh |
854.08 |
4270.42 |
|
5.
|
Karnataka |
135.92 |
679.58 |
|
6.
|
Kerala |
1657.58 |
8287.92 |
|
7.
|
Manipur |
210.33 |
1051.67 |
|
8.
|
Meghalaya |
106.58 |
532.92 |
|
9.
|
Mizoram |
149.17 |
745.83 |
|
10. |
Nagaland |
379.75 |
1898.75 |
|
11. |
Punjab |
840.08 |
4200.42 |
|
12. |
Rajasthan |
823.17 |
4115.83 |
|
13. |
Sikkim |
56.50 |
282.50 |
|
14. |
Tamil Nadu |
183.67 |
918.33 |
|
15. |
Tripura |
378.83 |
1894.17 |
|
16. |
Uttarakhand |
647.67 |
3238.33 |
|
17. |
West Bengal |
1467.25 |
7336.25 |
|
|
Total |
9,871.00 |
49,355.00 |