Ministry of Finance releases ₹45,000 crore as additional devolution to States in FY 2020-21

Ministry of Finance releases ₹45,000 crore as additional devolution to States in FY 2020-21

Ministry of Finance

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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