Finance Ministry releases Rs 9,871 crore grant to 17 states


New Delhi. The Finance Ministry has released Rs 9,871 crore as revenue deficit grant to 17 states. As per the recommendations of the 15th Finance Commission, the grant is released to the states in monthly installments to meet the gap in the revenue accounts of the states after sharing the central taxes. The Finance Ministry gave this information by tweeting on Monday.

In a statement issued by the Department of Expenditure, Ministry of Finance, a revenue deficit grant of Rs 9,871 crore has been released to 17 states. According to the Department of Expenditure, Rs 9,871.00 crore has been released to the states under Revenue Deficit Grant (PDRD) after sharing the central taxes. This amount released to the states is the 7th monthly installment of the revenue deficit grant. Along with this, a total amount of Rs 69,097.00 crore has been released as PDRD to eligible states in the financial year 2021-22.

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It is noteworthy that on the basis of the recommendation of the 15th Finance Commission, this grant is given to Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal. has been issued. The Finance Commission had recommended a total grant of Rs 1,18,452 crore to 17 states during the financial year 2021-22, out of which Rs 69,097.00 crore (58.33 per cent) has been released so far.

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