Reetu | Apr 1, 2021 |
Ministry of Finance releases ₹45,000 crore as additional devolution to States in FY 2020-21
01st APR 2021
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.
S. No | State | RE 2020-21 | Additional over RE 2020-21 | Overall releases in FY 2020-21 |
1 | Andhra Pradesh | 22611 | 1850 | 24461 |
2 | Arunachal Pradesh | 9681 | 792 | 10473 |
3 | Assam | 17220 | 1409 | 18629 |
4 | Bihar | 55334 | 4527 | 59861 |
5 | Chhattisgarh | 18799 | 1538 | 20338 |
6 | Goa | 2123 | 174 | 2296 |
7 | Gujarat | 18689 | 1529 | 20219 |
8 | Haryana | 5951 | 487 | 6438 |
9 | Himachal Pradesh | 4394 | 360 | 4754 |
10 | Jharkhand | 18221 | 1491 | 19712 |
11 | Karnataka | 20053 | 1641 | 21694 |
12 | Kerala | 10686 | 874 | 11560 |
13 | Madhya Pradesh | 43373 | 3549 | 46922 |
14 | Maharashtra | 33743 | 2761 | 36504 |
15 | Manipur | 3949 | 323 | 4272 |
16 | Meghalaya | 4207 | 344 | 4552 |
17 | Mizoram | 2783 | 228 | 3011 |
18 | Nagaland | 3151 | 258 | 3409 |
19 | Odisha | 25460 | 2083 | 27543 |
20 | Punjab | 9834 | 805 | 10638 |
21 | Rajasthan | 32885 | 2690 | 35576 |
22 | Sikkim | 2134 | 175 | 2308 |
23 | Tamil Nadu | 23039 | 1885 | 24924 |
24 | Telangana | 11732 | 960 | 12692 |
25 | Tripura | 3899 | 319 | 4218 |
26 | Uttar Pradesh | 98618 | 8069 | 1,06,687 |
27 | Uttarakhand | 6072 | 497 | 6569 |
28 | West Bengal | 41353 | 3384 | 44737 |
TOTAL | 5,49,997 | 45000 | 5,94,996 |
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