central taxes: Rs 1.41 lk cr launched to Bihar as proceeds of central taxes and duties in 2020-22: Centre

Over Rs 1.41 lakh crore has been launched by the Centre to the Bihar authorities as proceeds of central taxes and duties throughout 2020-21 and 2021-22 following suggestions of the fifteenth Finance Fee, the Lok Sabha was knowledgeable on Monday.

Union Minister of State for Finance Pankaj Chaudhary stated greater than Rs 45,000 crore has additionally been launched to Bihar by the central authorities as grant for rural growth, well being sector, state catastrophe response fund amongst others.

“Primarily based on the suggestions of the fifteenth Finance Fee (XV-FC), Rs 59,861.41 crore from internet proceeds of Central Taxes and Duties throughout 2020-21 and Rs 81,789.32 crore in 2021-22 has been launched to Bihar,” he instructed the Lok Sabha throughout the Query Hour.

As well as, he stated, the fifteenth Finance Fee has additionally really helpful switch of varied forms of funds to states, together with Bihar, relying upon their eligibility decided by the fee.

Funds really helpful for switch to the state of Bihar by the fifteenth Finance Fee embody Rs 8,727 crore grant for Rural Native Our bodies, Rs 3,175 crore for City Native our bodies and Rs 2,548 crore for state catastrophe response fund.

“Moreover grants, borrowings of Rs 27,285 crore in 2020-21 and Rs 28,489 crore in 2021-22 was additionally allowed to Bihar,” he stated.

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