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Use funds allocated for development: Govt to states

The Centre on Tuesday pulled up several states for inadequate use of funds allocated to them for promotion of economic and developmental activities among backward classes.



New Delhi: The Centre on Tuesday pulled up several
states for inadequate use of funds allocated to them for
promotion of economic and developmental activities among
backward classes, asking them to ensure that the money is
utilised in a "more effective manner".

"It is a matter of concern that some states like Bihar,
Madhya Pradesh, Orissa, Uttar Pradesh, Assam and Manipur are
not taking enough steps for withdrawal of allocated funds,"
Union Minister for Social Justice and Empowerment Mukul Wasnik
said.
He was addressing a national conference of the managing
directors of state channelising agencies (SCAs) of National
Backward Classes Finance and Development Corporation (NBCFDC)
here.

"Continuous default in repayment of loan instalments by
the SCAs of these states and non-availability of adequate
government guarantee has created a situation where
disbursement of loans by the apex corporations to these SCAs
has become difficult," he noted.

The minister asked the participating managing directors
of the SCAs to take "effective measures" to ensure that loans
are repaid on time and also "impress upon" their respective
state governments to provide government guarantees so that
"poorer segment of the backward class are not deprived of
concessional financial assistance available the corporation`s
scheme".
The state channelising agencies are nominated by the
respective state governments and are responsible for
implementing the schemes of the corporation.

"We have to find workable solutions to ensure that the
target groups get finance at concessional rates of interest
and establish market linkages for products. We must remember
that the target group belongs to one of the most vulnerable
sections of the society and therefore it is our duty to ensure
that all possible help reach these sections in most effective
manner," he said.

Efforts should be made not only to provide finances at
concessional rate of interest but also to assist the
beneficiaries in skill up gradation and providing them access
to modern technology, he said.

PTI

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