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Revenue Deficit Grant
May 11 , 2022
921 days
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- The Department of Expenditure (Ministry of Finance) released Rs 7,183.42 crore as a revenue deficit grant to 14 states.
- This is the 2nd monthly installment of the Post Devolution Revenue Deficit (PDRD) grant to states.
- The eligibility of States was decided by the Fifteenth Finance Commission based on the gap between the assessment of a state’s revenue and expenditure after taking into account the assessed devolution
- As per the Article 275 of the Indian Constitution the Post Devolution Revenue Deficit (PDRD) grant is provided.
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