You are here: Home » News-ANI » National
Business Standard

Centre sanctions Rs. 738 crore to Andhra government for rural local bodies

ANI  |  Amravati (Andhra Pradesh) [India] 

The Central has sanctioned Rs. 73771.80 lakh as basic grants for rural local bodies for the under Fourteenth Commission.

The Centre also advised the state to ensure that grants are distributed as per the approved formula recommended in the latest State Commission (SFC) report.

The state government has also been directed to transfer the amount to the local bodies within fifteen days of receipt from the Central government.

In case of delay in transferring the amount, the government will have to release the instalment with interest at rate of Reserve of (RBI), for number of days of delay.

The Centre also directed that the distribution and utilization of the amount should be done in consonance with the Local Body Guidelines.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 13 2017. 07:32 IST