Transfer of assistance to the states by center under various schemes
The "Gadgil Formula" pertains to the distribution of financial assistance to states from the central government, specifically under various schemes. Introduced by the Gadgil Committee in 1969, it aimed to allocate funds based on factors like population, area, and development needs. This formula has been pivotal in determining how central assistance is distributed among states, ensuring a more equitable allocation of resources.
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