Author: rhondaouthwaite
Revenue Deficit Grant of Rs.9,871 crore released to 17 States
The Department of Expenditure, Ministry of Finance has released 5th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore to the States on 9th August, 2021. With the release of this installment, a total amount of Rs. 49,355 crore has been released to eligible States as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year. State-wise details of the grant released this month and total amount of PDRD Grant released to the States in 2021-22 is annexed. The Post Devolution Revenue Deficit Grant is provided to the States under Article 275 of the Constitution. ... Read more