In News
- The Ministry of Finance released the 7th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States.
- The grant has been released as per the recommendations of the Fifteenth Finance Commission.
About Post Devolution Revenue Deficit Grant
- They are provided to the States under Article 275 of the Constitution.
- The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution.
- The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the Fifteenth Finance Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period.
Source:PIB
