FinMin releases Rs 9,871 cr grant to 17 states
The Hindu
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 finance ministry on Thursday said it has released the fourth monthly installment of post devolution revenue deficit grant of Rs 9,871 crore to 17 states. With the release of this installment, a total amount of Rs 39,484 crore has been released to eligible states in current financial year. “The Department of Expenditure, Ministry of Finance, has released the 4th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states yesterday,” an official statement said.
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