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 |