G.O. (Ms) No.53, Sixth State Finance Commission Grants for the year 2023-24
The Rural Development and Panchayat Raj Department issued G.O. (Ms) No.53 dated 12 March 2024, sanctioning and releasing Rs. 1387,80,14,000 in Sixth State Finance Commission grants for February 2024 and March 2024. The money covers minimum grants for 12,525 Village Panchayats and 388 Panchayat Unions, and population grants for all three tiers of Panchayats.
What the government order does
The Rural Development and Panchayat Raj Department's G.O. (Ms) No.53 dated 12 March 2024 authorises the release of State Finance Commission grants for the final two months of 2023-24. It concerns funding for rural local bodies, rather than land ownership, registration, classification or property transactions.
The total amount sanctioned and released is Rs. 1387,80,14,000. It consists of minimum grants for Village Panchayats and Panchayat Unions, together with population grants for Village Panchayats, Panchayat Unions and District Panchayats.
Funding framework
The Rural Development and Panchayat Raj Department records the following basis for distributing the Sixth State Finance Commission grant:
- Rural and urban local bodies receive the grant in a vertical sharing ratio of 51:49 for the award period from 2022-23 to 2026-27.
- The rural local body share is divided among Village Panchayats, Panchayat Unions and District Panchayats in the ratio of 55:39:6.
- Horizontal distribution among rural local bodies follows the multiplier formula recommended by the Sixth State Finance Commission.
- The revised estimate for the three rural tiers in 2023-24 totals Rs. 6217,59,14,000.
Minimum grants for February and March 2024
G.O. (Ms) No.53 provides minimum grants for the following rural local bodies:
- Each of the 12,525 Village Panchayats is allocated Rs. 50,000 per month for February 2024 and March 2024. The total release is Rs. 125,25,00,000.
- Each of the 388 Panchayat Unions is allocated Rs. 5,00,000 per month for February 2024 and March 2024. The total release is Rs. 38,80,00,000.
- Population grants are also released for the two months as the remaining instalments for the financial year.
Who is affected
G.O. (Ms) No.53 directly concerns Village Panchayats, Panchayat Unions, District Panchayats and the officials responsible for State Finance Commission grant distribution. Property buyers and owners are not given any new application, payment or compliance requirement by the document. They may be affected only indirectly because the grants fund rural local bodies.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does G.O. (Ms) No.53 change my land title or property registration?
No land title, registration or property transaction change is set out in the document. It authorises State Finance Commission grant releases to rural local bodies.
Which local bodies receive money under G.O. (Ms) No.53?
Minimum grants go to 12,525 Village Panchayats and 388 Panchayat Unions. Population grants cover Village Panchayats, Panchayat Unions and District Panchayats.
How much minimum grant does each Village Panchayat receive for February and March 2024?
Each Village Panchayat receives Rs. 50,000 per month for February 2024 and March 2024.
How much minimum grant does each Panchayat Union receive for February and March 2024?
Each Panchayat Union receives Rs. 5,00,000 per month for February 2024 and March 2024.
