6th Monthly Instalment ALERT! Ministry of Finance releases Post Devolution Revenue Deficit Grant of Rs 9,871.00 crore to States

The Department of Expenditure, Ministry of Finance on Thursday released the 6th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871.00 crore to the States.  

With the release of this instalment, a total amount of Rs 59,226.00 crore has been released to the eligible States as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year. 

The Post Devolution Revenue Deficit Grant is provided to the States under Article 275 of the Constitution. The grants are being released as per the recommendations of the Fifteenth Finance Commission in monthly instalments to meet the gap in Revenue Accounts of the States post devolution.   

The Commission has recommended these grants to 17 States during 2021-22. 

The eligibility of States to receive this grant and the quantum of grant was decided by the Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution for the financial year 2021-22. 

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 1,18,452 crore to 17 States in the financial year 2021-22.  Out of this, an amount of Rs 59,226.00 crore (50 per cent) has been released so far.

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The States recommended for the PDRD Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.