Post Devolution Revenue Deficit Grant
- It is provided to the States under Article 275 of the Constitution.
- The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in revenue accounts of the States post-devolution.
- The eligibility of states to receive this grant and the quantum of the grant was decided by the Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution for the financial year ....
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