Question

What is the annual allocation under local bodies grants for Panchayati Raj Institutions by the Central Government to the State of Andhra Pradesh for the year 2016 -17?
1. 1463.45 crore
2. 642.77 crore
3. 934.34 crore
4. 1744.40 crore

Answer 1

Correct Answer - Option 1 : 1463.45 crore

The correct answer is Rs. 1463.45 crores.

• In pursuance of the 14th commission, the Government of India has allocated a grant of  Rs. 8,654.09 crores for the period from 2015-16 to 2019-20 to the gram panchayats.
• The Gram Panchayats will receive Rs.1463 crores as of the 14th Finance commission grants in 2016-17.
• The budget of Andhra Pradesh 2016-17 was presented by then finance minister Yanamala Ramakrishnudu.

• The resource base of the rural bodies in addition to their Own Tax/ Non- Tax revenues consist of the following 

1. Devolution of funds by the State Government based on the recommendations of the State Finance Commissions.
2. Assigned/ Shared Revenues.
3. Funds provided based on the recommendations of the Central Finance Commissions.