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Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 States

Newdelhi:6/6/22:The Department of Expenditure, Ministry of Finance has on Monday released the 3rd monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States.  The grant has been released as per the recommendations of the Fifteenth Finance Commission.

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the financial year 2022-23. The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly instalments. With the release of 3rd instalment for the month of June, 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs. 21,550.25 crore.

The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution.  The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post-devolution.

The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the Fifteenth Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period.

The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission during 2022-23 are : Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.

State-wise details of Post Devolution Revenue Deficit Grant recommended for 2022-23 and the amount released to States as 3rd   instalment is as under:

State-wise Post Devolution Revenue Deficit Grant (PDRDG) Released

(Rs in crore)

S. No. Name of State PDRDG recommended by FC-XV for the year 2022-23. Amount of 3rd instalment released for the month of June 2022. Total PDRDG released to States during 2022-23.
1 Andhra Pradesh 10,549 879.08 2637.25
2 Assam 4,890 407.50 1222.50
3 Himachal Pradesh 9,377 781.42 2344.25
4 Kerala 13,174 1097.83 3293.50
5 Manipur 2,310 192.50 577.50
6 Meghalaya 1,033 86.08 258.25
7 Mizoram 1,615 134.58 403.75
8 Nagaland 4,530 377.50 1132.50
9 Punjab 8,274 689.50 2068.50
10 Rajasthan 4,862 405.17 1215.50
11 Sikkim 440 36.67 110.00
12 Tripura 4,423 368.58 1105.75
13 Uttarakhand 7,137 594.75 1784.25
14 West Bengal 13,587 1132.25 3396.75

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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