Chennai: The Center on Monday released a total of Rs 9,871 crore to 17 states as the 5th monthly installment of the Post Devolution Revenue Deficit Grant. With the release of the current installment, the central government has released a total of Rs 49,355 crore to the eligible states in the current financial year 2020-2021. Out of the total sanction, the Center has released Rs 918.33 crore to Tamil Nadu in the financial year.
Post devolution Revenue Deficit Grant is provided to the State Governments to meet the post devolution fiscal deficit under Article 275 of the Constitution as per the recommendations of the 15th Finance Commission. The eligible quantum of grant for the state was decided by the Commission along with the difference between revenue assessment and state expenditure after accounting for transfer of access for the financial year 2021-2022, a < अवधि शैली ="फ़ॉन्ट-वजन: 400;">release.
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Across the country, 17 states including Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal are eligible for the grant. in the financial year 2021-22.
According to the release from the Finance Ministry on State-wise Post Devolution Revenue Deficit Grant, Tamil Nadu has received Rs 183.67 crore as the 5th monthly installment for July 2021. Among other southern states, Andhra Pradesh has received Rs 1,438.08 crore as the fifth installment in July 2021 and a total of Rs 7,190 crore for this financial year.
Kerala received Rs 1,657.58 crore as the fifth installment and Rs 8,287 crore for the financial year so far. Karnataka has received Rs 135.92 crore as the fifth installment for this financial year and a total of Rs 679.58 crore.
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