Kumar Bahukhandi
Finance Minister O.P. Choudhary says the Centre’s advance tax devolution of ₹3,602 crore will strengthen Chhattisgarh’s financial capacity and accelerate infrastructure development and public welfare initiatives across the state here in Raipur on Saturday August 1, 2026 . ( channel24india.comFile Photo)
Key Factors
- Chhattisgarh receives ₹3,602 crore as advance tax devolution from the Union Government.
- Centre releases ₹1,09,019 crore in tax devolution to all states.
- Finance Minister O.P. Choudhary says the funds will accelerate infrastructure development and welfare schemes.
- Timely tax transfer expected to strengthen the state’s fiscal capacity and improve project implementation.
- Minister thanks Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the financial support.
- State says the additional funds will contribute to Chhattisgarh’s long-term development and economic growth.
Finance Minister O.P. Choudhary thanks Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman; says timely transfer will strengthen infrastructure and welfare initiatives
Raipur: Chhattisgarh has received an advance tax devolution of ₹3,602 crore from the Union Government as part of the nationwide release of ₹1,09,019 crore to states, a move that Finance Minister O.P. Choudhary said would significantly strengthen the state’s development agenda and accelerate public welfare programmes.
Welcoming the Centre’s decision, Choudhary expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman, describing the advance tax transfer as a strong reflection of cooperative federalism and the Centre’s commitment to empowering states financially.
“The advance tax devolution of ₹3,602 crore will provide fresh momentum to infrastructure development, strengthen the implementation of welfare schemes and accelerate ongoing development works across Chhattisgarh,” Choudhary said.
Timely Financial Support to Strengthen Development
The Finance Minister noted that timely transfer of tax revenues enhances the fiscal capacity of states, enabling governments to implement projects efficiently and ensure faster delivery of public services.
He said the additional financial resources would help the state maintain the pace of infrastructure expansion while supporting key social welfare initiatives.
“Timely tax devolution strengthens the financial capacity of states, speeds up development projects and ensures that the benefits of government schemes reach citizens more effectively,” he said.
Centre Reaffirms Commitment to Cooperative Federalism
Choudhary said the Union Government’s decision to release advance tax devolution demonstrates its continued commitment to balanced national development and fiscal partnership with states.
He thanked Prime Minister Modi and Union Finance Minister Sitharaman on behalf of the people of Chhattisgarh for the financial support extended to the state.
“Under the leadership of Prime Minister Narendra Modi, the Centre remains committed to the holistic development of states. This support will help Chhattisgarh move faster towards becoming a prosperous and developed state,” the Finance Minister added.
Officials said the advance devolution is expected to improve the state’s cash flow, enabling departments to execute development projects and public welfare programmes without interruption.
