- The Centre has disclosed a revenue deficit grant of Rs 9,871 crore released to 17 states
- The Post Deficit Grant is facilitated to the states under Article 275 of the constitution
On Monday, the Centre has disclosed a revenue deficit grant of Rs 9,871 crore released to 17 states. Further, a total revenue deficit grant of around Rs 69,097 crore has been released to the states in the existing financial year.
The Post Deficit Grant is facilitated to the states under Article 275 of the constitution. The grants are released according to the recommendations of the Fifteenth Finance Commission in monthly instalments to achieve the gap in revenue accounts.
Earlier, the finance ministry noted that the eligibility of states to receive this grant and the quantum of the grant was decided by the commission reviewing the gap between assessment of revenue and expenditure of the state after considering the assessed devolution for the financial year 2021-22.
Reportedly, the states recommended by the PDRD Grant by the Fifteenth Finance Commission include Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.