ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

15th Finance Commission Grants Rs 6.99 Bn to West Bengal’s Rural Bodies
ECONOMY & POLICY

15th Finance Commission Grants Rs 6.99 Bn to West Bengal’s Rural Bodies

The Union Government has disbursed the Fifteenth Finance Commission (XV FC) Grants for the financial year 2024�25 to Rural Local Bodies in West Bengal. This includes the second installment of Untied Grants amounting to Rs 6.94 billion and the previously withheld portion of the first installment, totalling Rs 40.93 million. These funds have been allocated to 21 eligible District Panchayats, 326 Block Panchayats, and 3,220 Gram Panchayats across the state.

The Untied Grants will be utilised by Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) to address location-specific developmental needs under the 29 subjects outlined in the Eleventh Schedule of the Constitution, excluding salaries and administrative expenses. Additionally, Tied Grants have been designated for essential services, including sanitation and the maintenance of Open Defecation-Free (ODF) status, which encompasses waste management, treatment of household waste, and fecal sludge management. These grants also support initiatives for drinking water supply, rainwater harvesting, and water recycling.

The Ministry of Panchayati Raj and the Ministry of Jal Shakti (Department of Drinking Water and Sanitation) oversee the recommendation of these grants, which are released by the Ministry of Finance in two installments each financial year. The funding aims to strengthen rural local governance, enhance accountability, and promote self-sufficiency in villages, contributing to the overall development and sustainability of rural areas in India.

News source: PIB

The Union Government has disbursed the Fifteenth Finance Commission (XV FC) Grants for the financial year 2024�25 to Rural Local Bodies in West Bengal. This includes the second installment of Untied Grants amounting to Rs 6.94 billion and the previously withheld portion of the first installment, totalling Rs 40.93 million. These funds have been allocated to 21 eligible District Panchayats, 326 Block Panchayats, and 3,220 Gram Panchayats across the state. The Untied Grants will be utilised by Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) to address location-specific developmental needs under the 29 subjects outlined in the Eleventh Schedule of the Constitution, excluding salaries and administrative expenses. Additionally, Tied Grants have been designated for essential services, including sanitation and the maintenance of Open Defecation-Free (ODF) status, which encompasses waste management, treatment of household waste, and fecal sludge management. These grants also support initiatives for drinking water supply, rainwater harvesting, and water recycling. The Ministry of Panchayati Raj and the Ministry of Jal Shakti (Department of Drinking Water and Sanitation) oversee the recommendation of these grants, which are released by the Ministry of Finance in two installments each financial year. The funding aims to strengthen rural local governance, enhance accountability, and promote self-sufficiency in villages, contributing to the overall development and sustainability of rural areas in India. News source: PIB

Next Story
Infrastructure Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement