7th monthly instalment of PDRD grant of Rs.7,183.42 crore released to 14 States

Posted on    07 October 2022

Revenue Deficit Grant (RDG) of Rs. 7,183.42 crore released to 14 States

Total Revenue Deficit Grant released to States so far in current financial year has gone up to Rs. 50,283.92 crore

States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23

The Department of Expenditure, Ministry of Finance has on Thursday released the 7th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States.  The grant has been released as per the recommendations of the Fifteenth Finance Commission.   

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the financial year 2022-23. The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly instalments. With the release of 7th instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs. 50,283.92 crore.

The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution.  The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution.

The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the Fifteenth Finance Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period. 

The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission  during 2022-23 are : Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.

State-wise details of Post Devolution Revenue Deficit Grant recommended for 2022-23 and the amount released to States as 7th  instalment are as under:

 

State-wise Post Devolution Revenue Deficit Grant (PDRDG) Released

(Rs in crore)

Revenue Deficit Grant (RDG) of Rs. 7,183.42 crore released to 14 States Total Revenue Deficit Grant released to States so far in current financial year has gone up to Rs. 50,283.92 crore States will get a total Revenue Deficit Grant of Rs. 86,201 crore in 2022-23

Posted On: 06 OCT 2022 2:45PM by PIB Delhi

 

The Department of Expenditure, Ministry of Finance has on Thursday released the 7th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States.  The grant has been released as per the recommendations of the Fifteenth Finance Commission.   

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the financial year 2022-23. The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly instalments. With the release of 7th instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs. 50,283.92 crore.

The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution.  The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution.

  The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the Fifteenth Finance Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period. 

The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission  during 2022-23 are : Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.

State-wise details of Post Devolution Revenue Deficit Grant recommended for 2022-23 and the amount released to States as 7th  instalment are as under:

State-wise Post Devolution Revenue Deficit Grant (PDRDG) Released

 

(Rs in crore)

S. No.

Name of State

7th instalment released for the month of October, 2022.

Total PDRDG released to States during 2022-23.

1

Andhra Pradesh

879.08

6153.58

2

Assam

407.50

2852.50

3

Himachal Pradesh

781.42

5469.92

4

Kerala

1097.83

7684.83

5

Manipur

192.50

1347.50

6

Meghalaya

86.08

602.58

7

Mizoram

134.58

942.08

8

Nagaland

377.50

2642.50

9

Punjab

689.50

4826.50

10

Rajasthan

405.17

2836.17

11

Sikkim

36.67

256.67

12

Tripura

368.58

2580.08

13

Uttarakhand

594.75

4163.25

14

West Bengal

1132.25

7925.75

S. No.

Name of State

7th instalment released for the month of October, 2022.

Total PDRDG released to States during 2022-23.

1

Andhra Pradesh

879.08

6153.58

2

Assam

407.50

2852.50

3

Himachal Pradesh

781.42

5469.92

4

Kerala

1097.83

7684.83

5

Manipur

192.50

1347.50

6

Meghalaya

86.08

602.58

7

Mizoram

134.58

942.08

8

Nagaland

377.50

2642.50

9

Punjab

689.50

4826.50

10

Rajasthan

405.17

2836.17

11

Sikkim

36.67

256.67

12

Tripura

368.58

2580.08

13

Uttarakhand

594.75

4163.25

14

West Bengal

1132.25

7925.75



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