Hyderabad: Delay in setting up fish market to cost Rs 1 crore

It will now have to bear an additional burden of about Rs 1 crore after missing out on utilising the Central Government’s assistance.

Published: 14th July 2018 05:24 AM  |   Last Updated: 14th July 2018 05:24 AM   |  A+A-

By Express News Service

HYDERABAD: Lax attitude of the Greater Hyderabad Municipal Corporation (GHMC) regarding the construction of modern hygeinic Fish Market at Banda Bavi in Mallapur (previously Nacharam) is going to cost the civic body dearly. It will now have to bear an additional burden of about Rs 1 crore after missing out on utilising the Central Government’s assistance.

The National Fisheries Development Board (NFDB) had agreed to release the required funds of Rs 2.44 crore for the project, which is 90 percent of the share, way back in 2012. But the corporation could not utilise the funds due to various reasons, including the fact that the site was not finalised then. Now the NFDB share will have to shell outRs 1.22 crore instead of Rs 2.44 crore.  

Recently the Executive Director of NFDB has informed the Department of Animal Husbandry, Dairying and Fisheries that Ministry of Agriculture has launched a new scheme named ‘’Blue Revolution - Intergated Development and Management of Fisheries’’ by merging all the schemes.

The NFDB has decided that the project cost for the fish market is restricted to 50% of the previous sanctioned amount, therefore as per the guidelines, out of the total project cost of Rs 2.44 crore, the Central Government assistance is going to be Rs 1.22 crore  which is 50%  and state government share is going to be Rs 1.22 crore (50 percent share) against the earlier sanctioned amount of Rs 2.19 crore.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp