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 ....
Do You Want to Read More?
Subscribe Now

To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.