In a bid to help the states in their fight against the deadly Coronavirus that has infected 70,000 people and killed over 2,200 in the country, the government on Monday (11 May) released a sum of Rs 6,195.08 crore to 14 States as the second equated monthly instalment of the Post Devolution Revenue Deficit Grant as was recommended by the 15th Finance Commission, reports Economic Times.
The latest revenue deficit grant comes nearly three months after the first such grant which had been issued to the states earlier on 14 March.
According to the report, the Centre released Rs 1,276 crore of advance payments to Kerala, followed by over Rs 952 crore to Himachal Pradesh. Punjab and Assam have received sums of Rs 638 crore and Rs 631 crore respectively.
Apart from these States, Andhra Pradesh has received a revenue deficit grant of Rs 491 crore, Uttarakhand has received Rs 423 crore and West Bengal has got a sum of Rs 417 crore.
After issuing the grant, Ministry of Finance in a statement said that the grant would provide the States with additional resources amid the COVID-19 crisis.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.