Ministry of Finance releases PDRD Grant of 9,871 crore rupees to 17 States

Ministry of Finance releases PDRD Grant of 9,871 crore rupees to 17 States

• Ministry of Finance has released the monthly Post Devolution Revenue Deficit (PDRD) Grant of 9,871 crore rupees to 17 States.
•  This was the 11th instalment of the PDRD grant released to the States.
• The grants are released to the States as per the recommendations of the 15th Finance Commission to meet the gap in Revenue Accounts of the States post-devolution. The Commission has recommended PDRD grants to 17 States and the same being released in equal monthly instalments.
• The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of one lakh 18 thousand 452 crore rupees to 17 States in the financial year 2021-22. The Ministry said, an amount of over one lakh 8 thousand crore rupees has been released to the eligible States so far.

Published date : 05 Feb 2022 05:19PM