The Recommended Grant is issued by the Recommended International Treasury Department in equal monthly installments. With the release of the 3rd installment of June, 2022, the total amount of Deficit Grants Revenue issued in 2022-23 increased to Rs. 21,550.25 million.
The Department of Finance, the Department of Finance on Monday released a three-month Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 million to 14 States. The grant was issued in accordance with the recommendations of the Fifteenth Financial Commission.Fifteenth Financial Commission raises Total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the 2022-23 financial year. Post-Depreciation Income Grants are provided to States by Article 275 of the Constitution. Grants are issued to States on the recommendation of successive Financial Commissions to meet the gap in United States post devolution.
The eligibility of states to receive this grant and the amount of funding for the period from 2020-21 to 2025-26 was determined by the Fifteenth Commission on the basis of the gap between the assessment of revenue and expenditure of the State after considering a limited devolution. at this time.The provinces that have been nominated for the Post-Money Revenue Fund by the Fifteenth Revenue Commission for 2022-2023 are: Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Utura, Utura .
The national intelligence of the proposed Post Devolution Revenue Deficit Grant for 2022-23 and the amount issued to the Provinces as the 3rd installment is as follows:
• Andhra Pradesh Total PDRDG released to the States between 2022-23is 2637.25
• The Assam Total PDDG released in the Country between 2022-23 is 1222.50
• The Himachal Pradesh Total PDDG released in the country between 2022-23 is 2344.25 and Manipur has 577.50
• Kerala Total PDDG released in the Country between 2022-23 is 3293.50 and Meghalaya has 258.25
• The Mizoram Total PDDG released in the Country between 2022-23 is 403.75 and Nagaland has 1132.50.
• Punjab Total PDDG released in the Country between 2022-23 is 2068.50 and Rajasthan has 1215.50.
• The Sikkim & Tripura Total PDDG released in the Country between 2022-23 are 110.00, 1105.75 and Uttarakhand has 1784.25, West Bengal has 3396.75.
