Centre releases INR 326.41 crore for Nagaland

Our Correspondent
Kohima, Aug. 12 (EMN): The Central government on Tuesday announced the release of INR 6,195.08 crore to 14 states including Nagaland as the fifth equated monthly instalment of the post-devolution revenue deficit grant.

The minister for Finance and Corporate Affairs, Nirmala Sitharaman announced that “the government on August 11, 2020 released INR 6, 195.08 crore to 14 states as the fifth equated monthly instalment of the post-devolution revenue deficit grant as recommended by the 15th Finance Commission".

She added, “This would provide them additional resources during the corona crisis.”

The state of Nagaland received its share of INR 32641.66 lakh (or INR. 326.41 crore) among 14 states.

The 14 state beneficiaries besides Nagaland included Andhra Pradesh (INR 491.41 crore), Assam (INR 631.58 crore), Himachal Pradesh (INR 952.58.crore), Kerala (INR 1,276.91 crore), Manipur (INR 235.33 crore), Meghalaya (INR 40.91 crore), Mizoram (INR 118.5 crore), Punjab (INR 638.25 crore), Tamila Nadu (INR 335.41 crore), Tripura (INR 269.66 crore), Uttarakhand (INR 423 crore), West Bengal (INR 417.75 crore) and Sikkim (INR 37.33 crore).

The amount released by the ministry of Finance was a grant-in-aid to cover the deficit on post-devolution revenue accounts in 2020-2021 as recommended by the finance commission on a monthly proportionate basis to the states listed.