Driving Naari Programme launched in Chandigarh
The Union finance ministry said on Monday that it has released ₹7,183.42 crore as post devolution revenue deficit (PDRD) grant to 14 states, including Punjab and Himachal Pradesh.
This is the third monthly instalment of the PDRD grant to states, released as per the recommendations of the 15th Finance Commission.
Total revenue deficit grant released to states so far in the current financial year has gone up to ₹21,550.25 crore, according to data released by the ministry.
The 15th Finance Commission has recommended a total PDRD grant of ₹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.
These grants are provided to the states under Article 275 of the Constitution. The eligibility of the states to receive the grant and the quantum for the period from 2020-21 to 2025-26 was decided by the 15th 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 14 states that have been recommended the grant are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.
