Centre releases Rs 6,195 crore to 14 states as revenue deficit grant

The Centre has released Rs 6,195 crore to 14 states as monthly instalment of post devolution revenue deficit grant  

New Delhi: The Centre government released the sixth instalment of Rs 6,195.08 crore post-devolution revenue deficit grants to 14 states as per the recommendation of the 15th Finance Commission.

The finance ministry said on Friday that the sixth equated monthly instalment (EMI) of the post-devolution revenue deficit grants to 14 states, released on September 10, would provide them additional resources during the coronavirus disease (Covid-19) crisis.

The 14 states that received the sixth instalment of the post-devolution revenue deficit grants are Andhra Pradesh (AP), Assam, Himachal Pradesh (HP), Kerala, Nagaland, Punjab, Tamil Nadu (TN), Tripura,  Manipur, Meghalaya, Mizoram, Uttarakhand, West Bengal and Sikkim.

According to the finance ministry, AP received Rs 491.42 crore grant in September. The share of Assam was Rs 631.58 crore. HP received Rs 952.58 crore, Kerala (Rs 1,276.92 crore), Manipur (Rs 235.33 crore), Meghalaya (Rs 40.92 crore), Mizoram (Rs 118.50 crore) and Nagaland (Rs 326.42 crore).

While Punjab’s share in the grant was Rs 638.25 crore, TN, Tripura, Uttarakhand, West Bengal and Sikkim received Rs 335.42 crore, Rs 269.67 crore, Rs 423 crore, Rs 417.75 crore and Rs 37.33 crore, respectively, it added.