Home / Economy / Govt releases 7183 cr as 6th instalment of revenue deficit grant to 14 states

NEW DELHI: The finance ministry on Tuesday released the sixth monthly instalment of revenue deficit grant of 7,183 crore to 14 states for the current fiscal.

The grant has been released as per the recommendations of the Fifteenth Finance Commission. The Fifteenth Finance Commission had recommended a total post devolution revenue deficit grant of 86,201 crores to 14 States for the financial year 2022-23.

Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand, and West Bengal have been given the grant.

“The Department of Expenditure has on Tuesday released the 6th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of 7,183.42 crore to 14 states," the ministry said in a statement.

The ministry said that with the release of the sixth instalment for September, the total amount of PDRD grants released to the states in 2022-23 stands at 43,100.50 crore.

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 15th Finance Commission based on the gap between assessment of revenue and expenditure of the states concerned after taking into account the assessed devolution during this period.

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