Union Government Disburses Rs 4.36 Bn to Karnataka and Tripura
ECONOMY & POLICY

Union Government Disburses Rs 4.36 Bn to Karnataka and Tripura

The Union Government has released the second installment of the Fifteenth Finance Commission (XV FC) Grants for rural local bodies in Karnataka and Tripura for FY 2024–25, aiming to strengthen local governance and accelerate rural development.

Breakdown of Fund Allocation Tripura: Rs 311.2 billion(Untied Grants - 2nd installment) benefiting 589 Gram Panchayats, along with Block Panchayats, District Panchayats, and Traditional Local Bodies. Karnataka: Rs 404.96 billion (Untied Grants - 2nd installment) supporting 5,375 eligible Gram Panchayats across the state.

Empowering Panchayati Raj Institutions (PRIs) These grants empower Panchayati Raj Institutions (PRIs) to cater to location-specific developmental needs under the 29 subjects listed in the Eleventh Schedule of the Constitution. The funds are exclusively meant for development projects and cannot be used for salaries or establishment costs.

Types of Grants Allocated Untied Grants: Flexible funding for community-specific development initiatives, local infrastructure enhancement, and welfare projects.

Tied Grants:

Dedicated funds for sanitation, including waste management, fecal sludge management, and maintaining Open Defecation Free (ODF) status. Drinking water projects, rainwater harvesting, and water recycling initiatives.

A Step Towards Decentralised Development Administered by the Ministry of Panchayati Raj and the Ministry of Jal Shakti, the XV Finance Commission Grants play a crucial role in decentralizing resources, strengthening local governance, and enabling grassroots development tailored to the unique needs of rural communities.

The Union Government has released the second installment of the Fifteenth Finance Commission (XV FC) Grants for rural local bodies in Karnataka and Tripura for FY 2024–25, aiming to strengthen local governance and accelerate rural development. Breakdown of Fund Allocation Tripura: Rs 311.2 billion(Untied Grants - 2nd installment) benefiting 589 Gram Panchayats, along with Block Panchayats, District Panchayats, and Traditional Local Bodies. Karnataka: Rs 404.96 billion (Untied Grants - 2nd installment) supporting 5,375 eligible Gram Panchayats across the state. Empowering Panchayati Raj Institutions (PRIs) These grants empower Panchayati Raj Institutions (PRIs) to cater to location-specific developmental needs under the 29 subjects listed in the Eleventh Schedule of the Constitution. The funds are exclusively meant for development projects and cannot be used for salaries or establishment costs. Types of Grants Allocated Untied Grants: Flexible funding for community-specific development initiatives, local infrastructure enhancement, and welfare projects. Tied Grants: Dedicated funds for sanitation, including waste management, fecal sludge management, and maintaining Open Defecation Free (ODF) status. Drinking water projects, rainwater harvesting, and water recycling initiatives. A Step Towards Decentralised Development Administered by the Ministry of Panchayati Raj and the Ministry of Jal Shakti, the XV Finance Commission Grants play a crucial role in decentralizing resources, strengthening local governance, and enabling grassroots development tailored to the unique needs of rural communities.

Next Story
Infrastructure Transport

UP Signs Rail Deal to Boost Logistics Infrastructure

To bolster Uttar Pradesh’s industrial and logistics ecosystem, Invest UP and the Lucknow Division of Northern Railway signed a memorandum of understanding (MoU) at Lok Bhawan on Wednesday.The MoU, signed by Invest UP CEO Vijay Kiran Anand and Rajneesh Kumar Srivastava, Senior Divisional Operations Manager of Northern Railway, aims to provide railway land to investors at a concessional lease rate of 1.5 per cent of the prevailing industrial or circle rate for a 35-year period.According to the official statement, the move will support the development of warehousing and logistics infrastructure..

Next Story
Infrastructure Transport

RVNL Wins Rs 1.16 Bn Railway Electrification Contract

Rail Vikas Nigam Ltd (RVNL) has received a letter of intent from Central Railway for an electrification system upgrade contract valued at Rs 1.16 billion. The project, according to the company’s stock exchange filing, will be completed within 24 months.The scope of the work involves modification of the current 1x25 kV electric traction system to a 2x25 kV configuration at the feeding system in the Itarsi-Amla section, located in the Nagpur Division. This upgrade is part of broader efforts to modernise and strengthen the efficiency of India’s railway electrification infrastructure.RVNL cont..

Next Story
Infrastructure Transport

Mumbai Rail Network to Expand with New Airport, Port Links

The Maharashtra government’s infrastructure drive in the Mumbai Metropolitan Region (MMR) will see a major expansion of suburban railway corridors on both Central and Western Railways, with new lines planned to improve airport and port connectivity.The Union Railway Ministry has instructed both zones to conduct feasibility surveys for new lines connecting Navi Mumbai International Airport (NMIA), segregating suburban and long-distance services, and building a new rail link from Dahanu to the upcoming Vadhavan Port in Palghar—touted as India’s largest port.On the Central Railway, surveys ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?