Maharashtra’s Rural Local Bodies Receive over ₹620 Crore XV Finance Commission Grants

The Union Government has released the Fifteenth Finance Commission (XV FC) Grants during Financial Year 2024–25, for the  Rural Local Bodies in Maharashtra. Amount released entails 2nd installment of Untied Grants amounting to Rs.611.6913 crores and withheld portion of 1st installment of Untied Grants amounting to Rs.8.4282 crores. These funds are for the 4 eligible District Panchayats, 40 eligible Block Panchayats and 21551 eligible Gram Panchayats of the state.

The Untied Grants will be utilized by Panchayati Raj Institutions (PRIs)/ Rural Local Bodies (RLBs) for location-specific felt needs, under the Twenty-Nine (29) Subjects enshrined in the Eleventh Schedule of the Constitution, except for salaries and other establishment costs. The Tied Grants can be used for the basic services of (a) sanitation and maintenance of ODF status, and this should include management and treatment of household waste, and human excreta and fecal sludge management in particular and (b) supply of drinking water, rainwater harvesting and water recycling.

Government of India through Ministry of Panchayati Raj and Ministry of Jal Shakti (Department of Drinking Water and Sanitation) recommends release of Fifteenth Finance Commission (XV FC) Grants to States for Rural Local Bodies which is then released by the Ministry of Finance. The allocated Grants are recommended and released in 2 installments in a Financial Year. The devolution of Central Finance Commission (CFC) Grants empowers Panchayati Raj Institutions, enabling them to address their local development needs effectively. Aligning with the vision of Prime Minister Narendra Modi of Viksit Panchayat Se Viksit Bharat – these grants strengthen grassroot democracy and accelerates rural transformation.

Latest news

IAS Diwakar Nath Misra Appointed Government Nominee Director on NTPC Board

NTPC Limited has announced the appointment of IAS Diwakar Nath Misra as Government Nominee Director on its Board. Misra...

Fractal Appoints Shilpa Kedia as Chief Financial Officer

Fractal has appointed Shilpa Kedia as its Chief Financial Officer (CFO), adding a new leader to its senior management...

Jalgaon Janata Sahakari Bank Appoints Rakesh Patil as Chief Information Security Officer

Rakesh Patil has announced his appointment as Chief Information Security Officer (CISO) at Jalgaon Janata Sahakari Bank. In this...

LTM Appoints Mohit Sharma as Global Chief Information Officer

LTM has appointed Mohit Sharma as its Global Chief Information Officer (CIO). In his new role, Sharma will lead...
spot_img

You might also likeRELATED
Recommended to you

spot_img