The Central Government has released a Post Devolution Revenue Deficit (PDRD) grant of 9,871 crores of rupees, distributed to 17 states after the finance ministry’s approval.
Highlights:
The state governments get the Post Devolution Revenue Deficit grant. Article 275 of the constitution provides for the grant.
The grants are distributed following the fifteenth finance commission’s recommendations.
The parliament shall offer grants in aid to states, according to Article 275. India’s consolidated fund funds these grants.
The federal government has complete authority to set varying amounts for various states. The grant’s goal is to assist state governments in covering the costs of the projects, promoting the welfare of scheduled tribes, and improving the administration of scheduled territories.