The Department of Expenditure, Ministry of Finance on 9th July 2021 released the 3rd monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore for the year 2021-22 to 17 States. The States recommended for Post Devolution Revenue Deficit Grant are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
Post Devolution Revenue Deficit (PDRD) Grant
The eligibility of States to receive this grant and the quantum of grant was decided by the Finance Commission based on the gap between assessment of revenue and expenditure of the State. The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of the Constitution. The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 States.
Sources : PIB