In line with the commitment to strengthen the hands of States to accelerate their capital and developmental expenditure, the Union Government has released 14th installment of tax devolution to State Governments amounting to Rs 1,40,318 crore, as against normal monthly devolution of Rs 70,159 crore.
As per the state-wise distribution of net proceeds of union taxes and duties for March 2023, Uttar Pradesh received the highest installment of Rs 24,783 crore among all states, while Bihar received installment of Rs 14,232 crore and Andhra Pradesh got installment of Rs 5,474 crore.
Further, installment amounts for Arunachal Pradesh, Assam, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh and Jharkhand are Rs 2,491 crore, Rs 4,417 crore, Rs 4,827 crore, Rs 546 crore, Rs 4,929 crore, Rs 1,546 crore, Rs 1,177 crore and Rs 4,681 crore respectively.