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FinMin Releases Revenue Deficit Grant Of Rs. 9,871 Cr To 17 States

With the release of this installment, a total amount of Rs. 69,097.00 crore has been released to eligible states as PDRD in the current Financial Year (FY), the ministry informed.

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The Ministry of Finance, on Monday, said that it has released the 7th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871.00 crore to the States.  

With the release of this installment, a total amount of Rs. 69,097.00 crore has been released to eligible states as PDRD in the current Financial Year (FY), the ministry informed. 

"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," said the ministry. 

The eligibility of States to receive this grant and the quantum of the 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 commission decided the eligibility 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 Finance Ministry also informed that the Fifteenth Finance Commission has recommended a total PDRD of Rs. 1,18,452 crore to 17 States in the FY 2021-22. "Out of this, an amount of Rs. 69,097.00 crore (58.33 per cent) has been released so far," said the ministry. 

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 are the states that were recommended by the Fifteenth Finance Commission. 

Meanwhile, Kerala has received Rs. 1657.58 crore in October and Sikkim has received Rs 56.50 crore. 


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finance ministry nirmala sitharaman