Government Releases Revenue Deficit Grant For 17 States

Finance Ministry has released the monthly instalment of Rs 9,871 crore to 17 states under the post devolution revenue deficit grant

The Finance Ministry has released the monthly instalment of Rs 9,871 crore to 17 states under the post devolution revenue deficit (PDRD) grant as recommended by the 15th Finance Commission.

With the release of what is the seventh instalment of funds during the current financial year, the total amount given to these states till now is Rs 69,097 crore.

The states which are eligible for this grant include Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Punjab, Rajasthan, Tamil Nadu and West Bengal among others.