Bihar

• 05 Jul 2022

Center Gave Rs. 1152 Crore to Bihar

Why in News?

On July 4, 2022, Bihar's Panchayati Raj Minister Samrat Chaudhary informed that on the recommendation of the 15th Finance Commission, the Center has released a fund of Rs 1152.60 crore for Bihar.

Key Points

• The fund will be used on the basis of the formula decided in the Gram Panchayat, Panchayat Samiti and Zila Parishad. The aim is to take development to the lower level.
• Based on the recommendation of the 15th Finance Commission for the financial year 2022-23, Bihar has received a fund of Rs. 1152.60 crore as the first instalment under the tight grant item from the Government of India. The fund has been given to strengthen 8067 Gram Panchayats, 533 Panchayat Samitis and 38 Zila Parishads in Bihar.
• Samrat Chaudhary said that the sanctioned amount will be withdrawn in the financial year 2022-23, the grant received on the recommendation of the 15th Finance Commission will be distributed among the Panchayati Raj Institutions in the ratio of 70:15:15. Based on this formula, Rs 806.82 crore will be allocated to Gram Panchayats, Rs 172.89 crore to Panchayat Samitis and Rs 172.8 crore to Zilla Parishads.
• It is known that 1 week ago, in the light of the recommendation of the Finance Commission, Rs 768.40 crore has been distributed proportionately among the Panchayati Raj Institutions under the untied head. In this way, the Government of India has received 1152.60 crores in tide and Rs 768.40 crores in untied items i.e., Bihar has received a total of Rs 1921 crores in the financial year 2022-23.