income deficit grant: Finance Ministry releases third instalment of income deficit grant of Rs 7,183 crore to 14 states
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The finance ministry on Monday launched the third month-to-month instalment of income deficit grant of Rs 7,183 crore to 14 states. The Fifteenth Finance Fee has beneficial a complete Submit Devolution Income Deficit Grant of Rs 86,201 crore to 14 states for the monetary 12 months 2022-23. That is to be launched in 12 equated month-to-month instalments.
The states receiving this grant are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.
“The Division of Expenditure has on Monday launched the third month-to-month instalment of Submit Devolution Income Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States,” the ministry stated in an announcement.
With the discharge of the third instalment for the month of June 2022, the overall quantity of income deficit grants launched to the states in 2022-23 stands at Rs 21,550.25 crore.
