State gets Rs 210 cr as PDRD grant
Source: Chronicle News Service

Imphal, June 09 2021: Manipur got a share of Rs 210.33 crore from the Centre as the Department of Expenditure, Ministry of Finance released the 3rd monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 states on Tuesday.

So far, the state has received Rs 630.99 crore as PDRD grant from the Centre in the current financial year.

With release of the 3rd instalment, a total amount of Rs 29,613 crore has been released in the first three months of the current fiscal as Post Devolution Revenue Deficit Grant to the states.

The Centre provides the Post Devolution Revenue Deficit Grant to the states under Article 275 of the Constitution.

The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in Revenue Accounts of the states post devolution.

The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 states.

The states recommended for PDRD Grant are Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

The eligibility of states to receive this grant and the quantum of grant was decided by the Commission based on the gap between assessment of revenue and expenditure of the state.

Assessed devolution for the financial year 2021-22 was also taken into account by the Commission.

The 15th Finance Commission has recommended a total PDRD Grant of Rs 1,18,452 crore to 17 states in the financial year 2021-22.The grant is released to the states in 12 monthly instalments.

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