Finance Commission Grants for Maharashtra
| Aspect | Details |
|---|---|
| Topic | Finance Commission Grants for Maharashtra |
| Why in News? | Union Government released XV FC Grants for Rural Local Bodies in Maharashtra for FY 2024-25. |
| Grant Allocation | - Second installment of Untied Grants: Rs 611.6913 crores. |
| - Withheld portion of first installment of Untied Grants: Rs 8.4282 crores. | |
| - Funds allocated to District, Block, and Gram Panchayats in Maharashtra. | |
| Utilization of Grants | - Untied Grants: For location-specific needs under 29 Subjects in Eleventh Schedule. |
| Cannot be used for salaries or establishment costs. | |
| - Tied Grants: For basic services like sanitation, ODF maintenance, drinking water, | |
| rainwater harvesting, and water recycling. | |
| Grant Disbursement Process | - Recommended by Ministry of Panchayati Raj and Ministry of Jal Shakti. |
| - Disbursed by Ministry of Finance in two installments per Financial Year. | |
| 15th Finance Commission | - Constitutional body under Article 280, constituted in Nov 2017 under NK Singh. |
| - Recommendations cover 2021-22 to 2025-26. |