Government Releases ₹72,961.21 Cr as Additional Installment of Tax Devolution to States

In a significant move to bolster the financial capacities of State Governments and support a range of social welfare measures and infrastructure development schemes during the upcoming festive season and the New Year, the Union Government has authorized the release of an additional installment of tax devolution amounting to ₹72,961.21 crore.

This supplementary release complements the regular tax devolution installment due to States on 10 January 2024 and an earlier installment of ₹72,961.21 crore that was already released on 11 December 2023. The Union Government’s decision underscores its commitment to facilitating the implementation of vital programs and initiatives at the state level.

State-wise Breakup of Released Amounts:

1. 1. Andhra Pradesh – ₹2952.74 crore
   2. Arunachal Pradesh – ₹1281.93 crore
   3. Assam – ₹2282.24 crore
   4. Bihar – ₹7338.44 crore
   5. Chhattisgarh – ₹2485.79 crore
   6. Goa – ₹281.63 crore
   7. Gujarat – ₹2537.59 crore
   8. Haryana – ₹797.47 crore
   9. Himachal Pradesh – ₹605.57 crore
   10. Jharkhand – ₹2412.83 crore
   11. Karnataka – ₹2660.88 crore
   12. Kerala – ₹1404.50 crore
   13. Madhya Pradesh – ₹5727.44 crore
   14. Maharashtra – ₹4608.96 crore
   15. Manipur – ₹522.41 crore
   16. Meghalaya – ₹559.61 crore
   17. Mizoram – ₹364.80 crore
   18. Nagaland – ₹415.15 crore
   19. Odisha – ₹3303.69 crore
   20. Punjab – ₹1318.40 crore
   21. Rajasthan – ₹4396.64 crore
   22. Sikkim – ₹283.10 crore
   23. Tamil Nadu – ₹2976.10 crore
   24. Telangana – ₹1533.64 crore
   25. Tripura – ₹516.56 crore
   26. Uttar Pradesh – ₹13088.51 crore
   27. Uttarakhand – ₹815.71 crore
   28. West Bengal – ₹5488.88 crore

This generous allocation seeks to empower State Governments to execute crucial initiatives, provide essential services, and fortify infrastructure development in the spirit of progress and well-being.