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. Ministry of
Finance in a statement said that the grants are released to the States
as per the recommendations of the Fifteenth 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 installments.
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.
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