Govt Releases Rs 6,195 Crore To 14 States As Eighth Instalment Of Revenue Deficit Grant

The Ministry of Finance on Tuesday (10 November) released Rs 6,195.08 crore to 14 states as the eighth equated monthly installment of the Post Devolution Revenue Deficit Grant.

“Based on the 15th Finance Commission interim recommendations, the Govt has released Rs 6,195.08 crore to 14 states on account of the eighth equated monthly installment of Post Devolution Revenue Deficit Grant,” Finance Minister Nirmala Sitharaman’s office said in a tweet.

The 14 states are Andhra Pradesh, Assam, Himachal Pradesh (HP), Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

The highest amount of this tranche of grants at Rs 1,277 crore was released to Kerala, followed by Rs 952 crore Himachal and Rs 638 crore to Punjab.

According to the report, the latest instalment of the revenue deficit grant comes after the government released Rs 6,000 crore to 16 states and union territories as part of the second tranche of the special window for goods and services tax (GST) compensation shortfall.