The 15th Finance Commission has recommended devolution of Rs. 19,309 crore for year 2020-21 to Himachal Pradesh. The report of the Finance Commission has been submitted to the government of India.
Industries Minister Bikram Singh on Saturday said out of this Rs. 11431 crore have been recommended as revenue deficit grant, Rs. 6833 as tax devolution, Rs. 636 for local bodies and Rs. 409 crore to the State Disaster Relief Fund.
As compared to the 14th Finance Commission, there is an increase of 40.69 percent in revenue deficit grant, 21.05 percent in share of central taxes, 18.51 percent in rural local bodies, 417.50 percent in urban local bodies and 74.04 percent in state disaster relief fund. The average annual award during 14th Finance Commission was 14,407 crore while this year the State has been awarded 19,309 crore with overall increase of 34.03 percent.
The Minister said that recommendations of the 15th Finance Commissions would help the State Government to give a push to the developmental and infrastructure activities in the States besides development priorities of the State Government. All sections of the society, especially vulnerable sections will benefit immensely from the grants.