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

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