What Did Punjab Finance Minister Announce About Rs 332 Crore for Rural Development?
Synopsis
Key Takeaways
- Rs 332 crore allocated for rural development in Punjab.
- Funds categorized into Untied and Tied for flexibility and specific projects.
- Future releases planned for continuous funding.
- Allocation ratio: 70:20:10 among local governance bodies.
- Emphasis on transparency and effective fund management.
Chandigarh, Nov 13 (NationPress) The Punjab Finance Minister, Harpal Singh Cheema, revealed on Thursday the allocation of Rs 332 crore for development projects in rural Punjab.
He stated that the subsequent installment of Rs 334 crore is expected to be released by the end of December or the first week of January, ensuring a consistent flow of funds for rural enhancement.
Cheema informed the press that the AAP government initiated development efforts immediately upon taking charge, and this allocation will support various projects for gram panchayats, including sanitation facilities in villages.
Details regarding the funds indicate that the Rs 332 crore is categorized into Tied and Untied funds to facilitate both general local development and specific sanitation mandates.
A total of Rs 156 crore will be available as Untied funds, allowing Punjab's gram panchayats the flexibility to utilize them for any developmental initiatives within their jurisdiction.
In contrast, Rs 176 crore will be designated as Tied funds, strictly earmarked for sanitation projects across Punjab's villages.
The overall distribution of funds will follow a ratio of 70:20:10 among gram panchayats, panchayat samitis, and zila parishads, as stated by FM Cheema.
In response to a question from reporters concerning allegations made by Union Minister of State for Railways, Ravneet Bittu, regarding the state government’s management of central funds, Cheema remarked that Bittu's comments demonstrate a lack of information and understanding regarding the SNA SPARSH system.
He explained that through this system, after the state government credits its share (according to the established sharing pattern), the central government directly deposits its share into the RBI account for the scheme. Therefore, the SNA SPARSH mechanism guarantees real-time disbursements from both the Central and Punjab governments.
Cheema urged Minister Bittu to avoid disseminating misinformation and instead share the layout plan provided by the Centre for the Rajpura-Chandigarh railway project.