The Ministry of Finance has informed that it has released the 12th and final monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 6,194.09 crore to the States.
The Fifteenth Finance Commission had recommended a total Post Devolution Revenue Deficit Grant of Rs 74,340 crore to 14 States in the financial year 2020-21.
Including the current release, a total amount of Rs 74,340 crore has been released to eligible States as PDRD Grant in the current financial year, constituting 100 percent of the amount recommended by the Commission has been released by the central government.
The States who have been recommended PDRD Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
Click here for detailed official press release:
Knowledge Source :
Government to Cut 6000 Compliances to Boost Export