The Division of Expenditure, Ministry of Finance, has on Wednesday launched the 4th month-to-month set up of Publish Devolution Income Deficit (PDRD) Grant of Rs. 7,183.42 crore to 14 States. The grant has been launched as per the suggestions of the Fifteenth Finance Fee. The Fifteenth Finance Fee has advisable a complete Publish Devolution Income Deficit Grant of Rs. 86,201 crore to 14 States for the monetary 12 months 2022-23. The advisable grant is launched by the Division of Expenditure to the advisable States in 12 equated month-to-month installations. With the discharge of 4th installment for the month of July, 2022, the overall quantity of Income Deficit Grants launched to the States in 2022-23 has gone as much as Rs. 28733.67 crore.
The Publish Devolution Income Deficit Grants are offered to the States below Article 275 of the Structure. The grants are launched to the States as per the suggestions of the successive Finance Commissions to fulfill the hole in Income Accounts of the States publish devolution. The eligibility of States to obtain this grant and the quantum of grant for the interval from 2020-21 to 2025-26 was determined by the Fifteenth Fee primarily based on the hole between evaluation of income and expenditure of the State after bearing in mind the assessed devolution throughout this era.
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