Revenue Deficit Grant of 7,183.42 crore rupees released to fourteen states.

August 4, 2022

Finance Ministry released the 5th monthly installment of Post Devolution Revenue Deficit grant (PDRD) of over seven thousand one hundred and eighty-three crore rupees to fourteen states.
The grant has been released as per the recommendations of the Fifteenth Finance Commission.
The Ministry said, the 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of 86 thousand 201 crore rupees to 14 States for the financial year 2022-23.
The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly installments.
With the release of the 5th installment, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to over 35 thousand 917 crore rupees.
The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission during 2022-23 are – Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.
The Post Devolution Revenue Deficit (PDRD) grants are made available to the states under the provisions of article 275 of the Constitution.