New Delhi: 18/6/20: The Finance Ministry has released Rs 564.50 crore as the first installment for the rural bodies in Odisha to revive economic activities. The Ministry has released a total of Rs 15,187 crore for 28 states.
“Based on the recommendations of the 15th Finance Commission, @FinMinIndia today (Wednesday) released Rs 15,187.50 crore to 28 states as the 1st installment of Rural Local Bodies Basic (Untied) Grants for 2020-21,” the Office of Finance Minister Nirmala Sitharaman tweeted.
The state finance department shall transfer grants-in-aid within 10 working days of receipt from the Union government. Any delay beyond 10 working days will require the state government to release the same with interest,” the Department of Expenditure under the Finance Ministry said.
The basic grants can be used by the local bodies for location-specific felt needs, except for salary or other establishment expenditure, the department added.