The Narendra Modi led Central Government has provided Assam an additional instalment of tax devolution that is Rs 2282.24 crore. The amount is highest among all Northeastern States and Sikkim has received the lowest.
The total sum of Rs 72,961.21 crore will make State Governments robust for financing multiple social welfare measures and infrastructure development schemes.
If we look for other States, Arunachal Pradesh got Rs 1281.93, Manipur Rs 522.41, Meghalaya Rs 559.61, Mizoram Rs 364.80, Nagaland Rs 415.15, Sikkim Rs 283.10 and Tripura Rs 516.56.
Among two instalments, this was due to States on January 10, 2024, and another Rs 72,961.21 crore was already released on December 11 last year.
Many times the Central Government has paid devolution to States ahead of allotted time. This June, one such advance instalment in addition to the regular instalment was released to facilitate speedy capital spending, development and welfare-related work and to make available resources for priority projects, schemes or initiatives.
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