Several schemes failed to take off due to non-utilisation of funds: CAG

Several schemes in the national capital failed to take off due to "non-utilisation" of funds which were remitted back to the government during the President's rule in 2014-15, CAG said on Thursday

PTI| Updated: Mar 31, 2016, 22:05 PM IST

New Delhi: Several schemes in the national capital failed to take off due to "non-utilisation" of funds which were remitted back to the government during the President's rule in 2014-15, CAG said on Thursday.

The government auditor said that estimates were not prepared after adequate scrutiny of the projects which resulted in non-utilisation of funds.

Major schemes which failed due to non-utilisation of funds were grants of Rs 130 crore given to Delhi State Industrial And Infrastructure Development Corporation Limited (DSIIDC) for building houses for weaker sections of the society.

Another project was of giving equity capital of Rs 68 crore to Delhi Transport Corporation (DTC) for purchase of buses, loan to Delhi Jal Board for Chandrawal Water Treatment Plant and equity contribution to JVC Power Plant at Jhajjar in Haryana amounting to Rs 72.60 crore.

"The entire provision remained unutilised by the departments or was remitted back to the Government before the closure of financial year 2014-15.

"Savings of the entire provision was indicative of the fact that the estimates were not prepared after adequate scrutiny of projects/ schemes," the report said.