Lawstreet Journal

Govt Releases Rs 6,195 Crores To 14 States as part of Post Devolution Revenue Deficit Grant

Lawstreet Journal 12 Aug 2020 10:17pm

Image courtesy: Lawstreet Journal Executive Govt Releases Rs 6,195 Crores To 14 States as part of Post Devolution Revenue Deficit Grant

On August 11, 2020, the government released grants worth Rs 6,195.08 Crore to 14 states as the fifth equated monthly installment of the Post Devolution Revenue Deficit Grant. The grant was approved by the 15th Finance Commission and the government which is continuously releasing the same installment to the states since April, 2020.

According to the finance commission, the grant will help the states to get sufficient resources and to deal with the economy during the Covid-19 pandemic crises. This grant will also help the state government to manage the COVID-19 containment, setting up a quarantine center, manage medical facilities, sample collection facilities, testing, treatment, setting up new laboratories and other requirements. 

All the cash strapped will also help the states to cover the funds that are used for police authorities, fire brigades, buying new thermal scanners, ventilators, Personal Protection Equipment (PPE), various municipal needs, air purifiers, and other consumable hospital needs.

The central Government has released a payment of Rs 638 Crores to Punjab, 952 Crores to Himachal Pradesh, and over Rs 1276 Crores to Kerala. Other states like Assam has also received Rs 631 Crores, Uttarakhand got Rs 423 Crores, Andhra Pradesh got Rs 491 Crores and West Bengal received Rs 417 Crores. 

The 14 States which have received the fund are- Andhra Pradesh, Assam, Himachal Pradesh, Manipur, Kerala, Uttarakhand, West Bengal, Punjab, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Tamil Nadu.

What Is Post Devolution Revenue Deficit Grant?

The post-devolution revenue deficit grant is a mechanism of paying the compensation to states in which the… Continue Reading...

Tagged: Nirmala Sitharaman  
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