Narendra Modi government releases 10th installment of PDRD grant to these 17 states: See details here

In an important update, the Department of Expenditure, Ministry of Finance, today released a monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to 17 states. It has to be noted that this was the 10th instalment of the PDRD grant released to the states.

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So far, an amount of Rs 98,710 crore has been released to eligible states as PDRD in the current financial year, as per the release from the Ministry of Finance.

One must note that 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 Fifteenth Finance Commission to meet the gap in revenue accounts of the states post-devolution.  

Furthermore, the commission has recommended PDRD grants to 17 states and the same is being released in monthly installments.

It has to be remembered that the eligibility of states to receive this grant and the quantum of the 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. 98,710 crore (83.33%) has been released so far.

Now, the states who have been recommended PDRD 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.