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

New 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.

 

Sl. No State RE 2020-21 Additional over RE 2020-21 Overall releases in FY 2020-21
1 Andhra Pradesh 22,611 1,850 24,461
2 Arunachal Pradesh 9,681 792 10,473
3 Assam 17,220 1,409 18,629
4 Bihar 55,334 4,527 59,861
5 Chhattisgarh 18,799 1,538 20,338
6 Goa 2,123 174 2,296
7 Gujarat 18,689 1,529 20,219
8 Haryana 5,951 487 6,438
9 Himachal Pradesh 4,394 360 4,754
10 Jharkhand 18,221 1,491 19,712
11 Karnataka 20,053 1,641 21,694
12 Kerala 10,686 874 11,560
13 Madhya Pradesh 43,373 3,549 46,922
14 Maharashtra 33,743 2,761 36,504
15 Manipur 3,949 323 4,272
16 Meghalaya 4,207 344 4,552
17 Mizoram 2,783 228 3,011
18 Nagaland 3,151 258 3,409
19 Odisha 25,460 2,083 27,543
20 Punjab 9,834 805 10,638
21 Rajasthan 32,885 2,690 35,576
22 Sikkim 2,134 175 2,308
23 Tamil Nadu 23,039 1,885 24,924
24 Telangana 11,732 960 12,692
25 Tripura 3,899 319 4,218
26 Uttar Pradesh 98,618 8,069 1,06,687
27 Uttarakhand 6,072 497 6,569
28 West Bengal 41,353 3,384 44,737
  TOTAL  5,49,997 45,000 5,94,996