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Finance Ministry releases 6th monthly installment of Post-Devolution Revenue Deficit grant to States worth Rs 9871 cr

Finance Ministry releases 6th monthly installment of Post-Devolution Revenue Deficit grant to States worth Rs 9871 cr


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The Finance Ministry today released the 6th monthly installment of Post-Devolution Revenue Deficit grant to the states worth nine thousand 871 crore rupees. A total of 59 thousand 226 crore rupees has been released to the states as Post-Devolution Revenue Deficit Grant in the current financial year.

The Post-Devolution Revenue Deficit Grant is provided to the states under Article 275 of the Constitution. The grants are being released as per the recommendations of the Fifteenth Finance Commission in monthly installments.





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