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Ministry of Finance
Ministry of Finance releases ₹45,000 crore as additional devolution to States in FY 2020-21
Posted On:
01 APR 2021 2:15PM by PIB Delhi
The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21. As per RE 2020-21, ₹5,49,959 crore, being 41% of the shareable pool of taxes and duties were estimated to be released to the States. However, Ministry of Finance has devolved an amount of ₹5,94,996 crore, based on the initial estimates of shareable pool that would be collected in 2020-21.
The Ministry of Finance has released these amounts to share the revenue buoyancy seen in Q4 2020-21 and in the true spirit of fiscal federalism. The additional amount of ₹45,000 crore was released in two instalments of ₹14,500 crore and ₹30,500 crore. ₹14,500 crore was released along with the 14th regular instalment of devolution on 26th March 2021, whereas the second instalment of ₹30,500 crore was released to the States on 31st March 2021.
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Sl. No
|
State
|
RE 2020-21
|
Additional over RE 2020-21
|
Overall releases in FY 2020-21
|
|
1
|
Andhra Pradesh
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22,611
|
1,850
|
24,461
|
|
2
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Arunachal Pradesh
|
9,681
|
792
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10,473
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|
3
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Assam
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17,220
|
1,409
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18,629
|
|
4
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Bihar
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55,334
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4,527
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59,861
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|
5
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Chhattisgarh
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18,799
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1,538
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20,338
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6
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Goa
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2,123
|
174
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2,296
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|
7
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Gujarat
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18,689
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1,529
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20,219
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8
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Haryana
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5,951
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487
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6,438
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9
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Himachal Pradesh
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4,394
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360
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4,754
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|
10
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Jharkhand
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18,221
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1,491
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19,712
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|
11
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Karnataka
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20,053
|
1,641
|
21,694
|
|
12
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Kerala
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10,686
|
874
|
11,560
|
|
13
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Madhya Pradesh
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43,373
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3,549
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46,922
|
|
14
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Maharashtra
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33,743
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2,761
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36,504
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15
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Manipur
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3,949
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323
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4,272
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16
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Meghalaya
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4,207
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344
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4,552
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17
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Mizoram
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2,783
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228
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3,011
|
|
18
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Nagaland
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3,151
|
258
|
3,409
|
|
19
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Odisha
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25,460
|
2,083
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27,543
|
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20
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Punjab
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9,834
|
805
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10,638
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|
21
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Rajasthan
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32,885
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2,690
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35,576
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22
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Sikkim
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2,134
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175
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2,308
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23
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Tamil Nadu
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23,039
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1,885
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24,924
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|
24
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Telangana
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11,732
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960
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12,692
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25
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Tripura
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3,899
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319
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4,218
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26
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Uttar Pradesh
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98,618
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8,069
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1,06,687
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27
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Uttarakhand
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6,072
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497
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6,569
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28
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West Bengal
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41,353
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3,384
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44,737
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TOTAL
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5,49,997
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45,000
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5,94,996
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****
RM/MV/KMN
(Release ID: 1708934)
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