Post Devolution Revenue Deficit (PDRD) Grant:
Ministry of Finance has released the monthly Post Devolution Revenue Deficit (PDRD) Grant of 9, 871 crore rupees to 17 States.
- This was the 11th installment of the PDRD grant released to the States.
- Ministry of Finance said that the grants are released to the States as per the recommendations of the 15th Finance Commission to meet the gap in Revenue Accounts of the States post-devolution.
- The Commission has recommended PDRD grants to 17 States and the same being released in equal monthly installments.
- The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of 1,18,452 crore rupees to 17 States in the financial year 2021-22.