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Centre releases Rs 326.41 cr to Nagaland as revenue deficit grants

Centre government releases Rs 326.41 crore to Nagaland as revenue deficit grants on November 10, 2020

Kohima, November 12 (NEx): The Union Finance Minister, Smti Nirmala Sitharaman on Wednesday announced the release of Rs 6,195.08 crore to 14 states, as Post Devolution Revenue Deficit Grant for the year 2020-21. Nagaland state received Rs. 326.41 crore.

Taking to twitter, Smti Nirmala Sitharaman on Wednesday, November 11, 2020 said, ‘Based on the 15th Finance Commission interim recommendations, the Government has released Rs 6,195.08 crore to 14 states on account of the eighth equated monthly installment of Post Devolution Revenue Deficit Grant.’

Nagaland State received Rs. 326.41 crore as grant-in-aid to cover deficit on post-devolution revenue account in 2020–21 as recommended by the 15th Finance Commission on monthly proportionate basis in the month of November 2020.

According to Finance Ministry updates, Nagaland so far received Rs. 2611.28 crore as Post Devolution Revenue Deficit Grant for the year 2020–21, in eight equated monthly installments, including the installment for November month.

Along with Nagaland, Kerala received Rs 1,276.91 crore, Himachal Pradesh Rs 952.58 crore, Punjab Rs 638.25 crore, Assam Rs 631.58 crore, Andhra Pradesh Rs 491.41 crore, Uttarakhand Rs 423 crore, West Bengal Rs 417.75 crore, Manipur Rs. 235.33 cr, Meghalaya Rs 40.91 Cr, Mizoram Rs 118.53 Cr, Tripura Rs 269.66 cr, Tamil Nadu Rs. 335.41 cr and Sikkim 37.33 crore, as Grant-in-aid to cover deficit on post-devolution revenue account in 2020-21, stated the Finance Ministry.