The Department of Expenditure of Ministry of Finance has released an amount of over Rs 12,351 crore to 18 States for providing grants to the Rural Local Bodies. This amount is the 2nd instalment of basic grants released in this financial year.
The grant has been released to 18 States which have provided the Utilisation Certificate for the first instalment and on the recommendation of the Ministry of Panchayati Raj. The grants to Rural
Local Bodies are released as per the recommendations of the 15th Finance
Commission to create community assets and improve financial viability
of the Rural Local Bodies.
The States are required to transfer the
grants to the Rural Local Bodies within 10 working days of receipt from
the Central Government. So far a total grant of Rs 45,738 crore has been
released to Rural Local bodies in 2020-21.
(With input from news agency language)
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