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Which are the sources of revenue of Grampanchayat? A) Land tax, Water tax and Fair tax are important revenue sources B) 30% of revenue collected from the village C) Grant in aid from the state government Choose the correct option

Which are the sources of revenue of Grampanchayat? A) Land tax, Water tax and Fair tax are important revenue sources B) 30% of revenue collected from the village C) Grant in aid from the state government Choose the correct option Correct Answer All of the above

The Correct answer is All of the above.

Important Points

  • The Second Administrative Reforms Commission of India (2005-2009) has summarized the sources of revenue of the Panchayati Raj Institutions (PRIs) and their financial problems in the following way
  1. A major portion of Part IX of the Constitution deals with structural empowerment of the PRIs but the real strength in terms of both autonomy and efficiency of these institutions is dependent on their financial position (including their capacity to generate their own resources). In general, Panchayats in our country receive funds in the following ways:
  2. Grants from the Union Government based on the recommendations of the Central Finance Commission as per Article 280 of the Constitution.
  3. Devolution from the State Government based on the recommendations of the State Finance Commission as per Article 243-I.
  4. Loans/grants from the State Government. 
  5. Program-specific allocation under Centrally Sponsored Schemes and Additional Central Assistance.
  6. Internal Resource Generation (tax and non-tax).
  7. A study of various State Legislations indicates that a number of taxes, duties, tolls, and fees come under the jurisdiction of the Village Panchayats. These internal include octroi, property/house tax, profession tax, land tax/cess, taxes/tolls on vehicles, entertainment tax/fees, license fees, tax on non-agriculture land, fee on registration of cattle, sanitation/drainage/conservancy tax, water rate/ tax, lighting rate/tax, education cess and tax on fairs and festivals.

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