RBI Report on the ‘Finances of Panchayati Raj Institutions’
On 24th January, 2024, the Reserve Bank of India (RBI) released its Report titled “Finances of Panchayati Raj Institutions”.
- Drawing upon data on 2.58 lakh Panchayats for the years 2020-21 to 2022-23, it presents an assessment of their finances and their role in India’s socio-economic development.
Major Findings
Average Revenue of Panchayats
- According to the report, the average revenue per Panchayat, encompassing taxes, non-taxes, and grants, was at 21.2 lakh in 2020-21, 23.2 lakh in 2021-22, and experienced a slight dip to 21.23 lakh in 2022-23.
- The own revenues of the Panchayats were only 1.1 per cent of their total revenue ....
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