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The finance ministry on Thursday launched month-to-month income deficit grant to 17 states totalling Rs 9,871 crore. Up to now, an quantity of Rs 98,710 crore has been launched to 17 states as submit devolution income deficit grant within the present monetary 12 months.
“The Division of Expenditure at this time launched month-to-month Put up Devolution Income Deficit (PDRD) grant of Rs 9,871 crore to 17 states. This was the tenth instalment of the PDRD grant launched to the states,” the ministry stated in an announcement.
States which obtained this grant are Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
The grants are launched as per the suggestions of the fifteenth Finance Fee in month-to-month installments to fulfill the hole in income accounts of states submit devolution.
The Fee has really helpful this grant to 17 states throughout 2021-22.
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 of the state after bearing in mind the assessed devolution for 2021-22.
“The fifteenth Finance Fee has really helpful PDRD grant of Rs 1,18,452 crore to 17 states in monetary 12 months 2021-22. Out of this, an quantity of Rs 98,710 crore (83.33 per cent ) has been launched thus far,” the assertion added.
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State leaders made the demand throughout a pre-budget session assembly held underneath the chairmanship of Sitharaman within the nationwide capital.
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