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Center releases Rs 9,871 crore to states under PDRD grant

The Center has released Rs 9,871 crore to the states under PDRD grant.

The Center on Thursday released Rs 9,871 crore to the state governments under the sixth monthly installment of the Post Devolution Revenue Deficit (PDRD) grant. According to the Ministry of Finance, a total amount of Rs 59,226.00 crore has been released from this installment to the eligible states as PDRD grant in the current financial year. This grant is provided to the states under Article 275 of the Constitution.Also Read – Kaam Ki Baat: Government cuts prices of 39 medicines, know about them…

“The grant is being released in monthly installments as per the recommendations of the Fifteenth Finance Commission to meet the gap in the revenue accounts of the states,” the ministry said. “The commission has recommended these grants to 17 states during 2021-22.” Also Read – Corona Vaccine Guideline: How to know whether the corona vaccine you took is real or fake, identify it like this

According to the ministry, the eligibility of the states to receive this grant and the quantum of grant will be decided by the commission on the basis of the difference between the assessment of revenue and expenditure of the state, taking into account the transfer scheduled for the financial year 2021-22. was decided. Also Read – 7th Pay Commission: So is the dearness allowance of central employees going to increase again? Know how much DA you will get now

The Fifteenth Finance Commission has recommended a total PDRD grant of Rs 118,452 crore to 17 states in FY22.

Out of this, an amount of Rs 59,226 crore (50 per cent) has been released so far.

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