Government has launched the seventh instalment of put up devolution income deficit grant to states
The Finance Ministry has launched the month-to-month instalment of Rs 9,871 crore to 17 states underneath the put up devolution income deficit (PDRD) grant as really useful by the 15th Finance (*17*).
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With the discharge of what's the seventh instalment of funds through the present monetary 12 months, the whole quantity given to those states until now's Rs 69,097 crore.
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The states that are eligible for this grant embrace Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Punjab, Rajasthan, Tamil Nadu and West Bengal amongst others.
The PDRD grant is given to states as per the provisions of Article 275 of the Constitution, to assist them meet the hole between evaluation of income and expenditure.
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For 2021-22, the 15th Finance (*17*) had prompt the PDRD grant to 17 states totaling Rs 1,18,452 crore, out of which 58 per cent or Rs 69,097 crore have been launched until date.
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