Finance Ministry releases Rs 6,195 Cr to 14 states


Team Udayavani, Jun 10, 2020, 5:24 PM IST

New Delhi: The government on Wednesday released Rs 6,195 crore to 14 states as a monthly instalment of the post-devolution revenue deficit grant.

“The government on June 10, 2020, released Rs 6,195.08 crore to 14 states as the third equated-monthly instalment of the post-devolution revenue deficit grant as recommended by the 15th Finance Commission. This would provide them additional resources during the corona crisis,” the Office of Finance Minister Nirmala Sitharaman said in a tweet.

Earlier, on April 3 and May 11, the ministry released a similar amount as the first and second instalment of the post-devolution revenue deficit grant to 14 states – Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

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