CM Wants Officials to Use 85 pc Funds by December

During review meeting, Rangasamy finds only 44 per cent of plan outlay utilised so far

Published: 03rd November 2015 05:21 AM  |   Last Updated: 03rd November 2015 05:21 AM   |  A+A-

PUDUCHERRY: Taking note of the fact that only 44 per cent of the total plan outlay has been utilised, Chief Minister N Rangasamy, on Monday, directed his administration to ensure 85 per cent utilisation by December.

The direction was given after he reviewed the plan expenditure with officials and various heads of departments. He also exuded confidence that the entire plan allocation would be utilised by the end of financial year.

Rangasamy had presented a full-fledged budget on April 23 in the territorial assembly for Rs 6,450 crore of which Rs 2,700 crore was under the plan expense and Rs 3,750 crore under the non-plan head.

Government of India (GoI) has approved a plan size of Rs 2,700 crore to the Union Territory for the Annual Plan 2015-16, which includes UT’s own revenue receipts of Rs 700 crore, Normal Central Assistance of Rs 744 crore, Rs 330 crore for Centrally Sponsored Schemes (CSS), Rs 20 crore for Central Road Fund (CRF), Open Market Borrowings of Rs 450 crore, Rs 262 crore for Negotiated Loan projects, Rs 40 crore under External Commercial Borrowing Projects and Rs 154 crore from other sources. So far the expenditure to the tune of Rs 1,187.49 crore has been incurred up to October 31, 2015 which works out to 44 per cent.

GoI had recently announced 100 per cent of central share to all Centrally Sponsored Schemes which are applicable to Puducherry.

MP’s, Ministers, and officials promised that the entire plan allocation would be fully utilised before the end of the financial year.

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