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Our Correspondent
Kohima, Dec. 9 (EMN): The Ministry of Finance announced on Wednesday that INR 6,19,507.28 lakh (approximately INR 6,195.08 crore) has been released to 14 states, including Nagaland as grants-in-aid to cover deficit on post-devolution revenue for the year 2020-21.
Nagaland’s share from the fund released is INR 32,641.66 lakh (approximately INR 326.41 crore), while its neighbouring states Assam received INR 63,158.33 lakh, Manipur - INR 23,533.33 lakh, Meghalaya - INR 4,091.66 lakh, Mizoram - INR 11,850 lakh, Tripura - INR 26,966.66 lakh, and Sikkim - INR 3,733.33 lakh.
“Based on the 15th Finance Commission interim recommendations, the government released INR 6,195.08 crore on 9th December 2020 to 14 States on account of the 9th equated monthly installment of Post Devolution Revenue Deficit Grant,” office of the Union Finance Minister N Sitharaman said in a tweet.
It added that the amount was recommended by 15th Finance Commission on monthly proportionate basis to the state governments.
Other states that received grants-in-aid are Andhra Pradesh, Himachal Pradesh, Kerala, Punjab, Tamil Nadu, Uttarakhand, and West Bengal.