Home » National » States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23

States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23

Newdelhi:6/10/2The Department of Expenditure, Ministry of Finance has on Thursday released the 7th 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 7th instalment for the month of October 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs. 50,283.92 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 Finance 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 7th  instalment are as under:

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

(Rs in crore)

S. No. Name of State 7th instalment released for the month of October 2022. Total PDRDG released to States during 2022-23.
1 Andhra Pradesh 879.08 6153.58
2 Assam 407.50 2852.50
3 Himachal Pradesh 781.42 5469.92
4 Kerala 1097.83 7684.83
5 Manipur 192.50 1347.50
6 Meghalaya 86.08 602.58
7 Mizoram 134.58 942.08
8 Nagaland 377.50 2642.50
9 Punjab 689.50 4826.50
10 Rajasthan 405.17 2836.17
11 Sikkim 36.67 256.67
12 Tripura 368.58 2580.08
13 Uttarakhand 594.75 4163.25
14 West Bengal 1132.25 7925.75

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.
x

Check Also

New York Times best-selling author called on Chief Minister Naveen Patnaik today evening.

Bhubaneswar6/12/22:New York Times best-selling author Sean Covey, president of FranklinCovey Education, USA, William Bill Mclntyre, vice president, FranklinCovey Education, USA, Dr Kannan Gireesh, Founder LiveLife Education, Dr K Abdul Ghani, ...