Low fund use
Source: The Sangai Express
Imphal, December 07 2013 :
Although it is now the third quarter of the current financial year, only 14 per cent of the total plan amount has been utilised so far.
This was discovered during a review meeting presided by Chief Minister O Ibobi this afternoon.
The meeting attended by Council of Ministers, the Chief Secretary, Commissioners and Secretaries noted uti- lisation of the plan amount of Rs 3650 crore sanctioned for the financial year 2013-14 .
Incidentally the CM is also in charge of Planning and Finance Departments.
It was noted that the plan amount could not be utilised speedily because of the unsound financial condition of the State Government.
Till the last month, only 14 per cent of the plan amount has been utilised, informed an official.
During the meeting, the Chief Minister directed all relevant departments to finalise all DPRs and submit pending utilisation certificates in order to ensure that the plan amount is utilised speedily and the relevant Ministries released all sanctioned funds.
The meeting also deliberated on release of funds for NLCPR, NEC and SPA projects.