6th Monthly Instalment ALERT! Ministry of Finance releases Post Devolution Revenue Deficit Grant of Rs 9,871.00 crore to States
The grants are being released as per the recommendations of the Fifteenth Finance Commission in monthly instalments to meet the gap in Revenue Accounts of the States post devolution.
The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 1,18,452 crore to 17 States in the financial year 2021-22.