Centre releases ₹17K cr to states to combat crisis

04.04.2020

New Delhi: The Centre on Friday released ₹17,287 crore to different states to augment their financial resources to combat the coronavirus crisis.

While the home ministry approved advance release of ₹11,092 crore to all states under the state disaster risk management fund (SDRMF), in line with the assurance given by PM Narendra Modi to chief ministers on Thursday, the finance ministry said ₹6,195 crore was transferred on account of “revenue deficit grants”, which were part of the 15th Finance Commission recommendations for 14 states, including Andhra, Kerala, Punjab, Tamil Nadu, and West Bengal.

“The central government released in advance its share of first instalment of SDRMF for the year 2020-21, amounting to ₹11,092 crore, with a view to augment funds available with the state governments,” the home ministry said in a release. TNN