Centre on Thursday released 10th monthly instalment of the post devolution revenue deficit (PDRD) grant of Rs. 9,871 crore to 17 states. With this release, a total amount of Rs. 98,710 crore has been released to the eligible States as PDRD in the current financial year.
As per the state-wise details of grant released, an amount of Rs.379.75 crore has been released to Nagaland in January 2022 and total amount of Rs. 3797.50 crore was released during 2021-22.
The grants are being released as per 15th Finance Commission (FC) recommendations in month-ly installments to meet the gap in revenue accounts of the States post devolution.
FC has recommended a total PDRD grant of Rs. 1,18,452 crore to 17 States in the financial year 2021-22. Out of this, an amount of Rs. 98,710 crore (83.33%) has been released so far.