8 Jul 2012

UDeC was assisting the state in mobilizing over Rs. 150 Crore

Chief Secretary Alok Kumar Jain today emphasized the need for better utilization of funds allotted to the state as per the Plan outlay. He said that UDeC was assisting the state in mobilizing over Rs.  150 Crore and stressed that greater effort must be put by all government departments into project preparation and requisite documentation so as to improve the state's track record in utilizing Plan Allocation.
Chairing the 40th Board Meeting of UDeC on Tuesday, the Chief Secretary assured the Board of issuing necessary instructions for utilizing project documentation already prepared for various departments.
          He noted that Rs. 7.62 Crore (more than double the initial allocation) has been sanctioned by Ministry of Surface Transport and Highways, Government of India for computerization of Uttarakhand Transport Corporation on account of assistance provided by UDeC, joint venture Company of the State with IDFC Foundation.
 The meeting was attended by Finance Secretary, Planning Secretary, Managing Director UDeC and CEO IDFC Foundation.
Uttarakhand has been eligible to receive Rs. 1634.45 crore under various centrally sponsored schemes of which only Rs 1089.18 crore has been actually received in the past financial year. This has been largely due to the lack of enabling framework for facilitating project preparation as per the terms and conditions of such schemes.
UDeC has assisted Urban Development and Transport departments in accessing funds under various Centrally Sponsored Schemes like JNNURM, Strengthening of public transport and UIDSSMT.


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