Revenue deficit grant of Rs 6,194 cr released to 14 states: Govt

With the release of this installment, a total amount of Rs 74,340 cr has been released to eligible states in FY21, says Ministry of Finance

The union government on Wednesday released the 12th and final monthly instalment of revenue deficit grant of Rs 6,194.09 crore to the states.

With the release of this installment, a total amount of Rs 74,340 crore has been released to eligible states as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year, the ministry of finance said in a statement.

100 per cent of the amount recommended by the Fifteenth Finance Commission to 14 states has been released by the central government.

The Fifteenth Finance Commission had recommended a total Post Devolution Revenue Deficit Grant of Rs 74,340