Finmin clears ₹807 crore as one-time agreement for Rurban Venture

The Division of Expenditure has launched an extra ₹807 crore as one-time agreement for the Shyama Prasad Mukherjee Rurban Venture (SPMRM) to pay for the entire works that have been sanctioned sooner than March 31.

The dep. has refused to free up any further quantity for paintings initiated after March 31, because the scheme were phased out as a part of a explanation of centrally backed schemes, officers within the finance ministry mentioned.

“There is not any recent allocation for the scheme. This can be a one-time agreement after the Ministry of Rural Building requested for added finances,” an reputable informed ET.

The agricultural building ministry had sought Rs 1,200 crore underneath the scheme, bringing up greater prices and for initiatives the place paintings sanction was once finished, the reputable added.

The fee has been made just for initiatives the place the groundwork had already been initiated sooner than March 31.

Initiatives the place no groundwork has begun might be merged with different schemes, even though it were sanctioned.

To begin with, the DoE had allowed the agricultural building ministry to free up Rs 288.89 crore until the tip of FY22, however the determine was once therefore revised.

The finance ministry has in the past mentioned in a respond to Parliament that there might be no extension to the scheme, “within the absence of particular approval of competent authority for extension of the scheme past 03/31/2022”. Any other reputable mentioned this was once a part of the overall explanation workout as the federal government was once looking to cut back the choice of schemes via merging identical ones. “This is a part of the explanation finished yearly and has been finished after an in depth find out about of this system and after a lot deliberation,” the reputable added.

The Heart has halved the choice of centrally backed schemes to 65, with impact from April 1, 2022.

Consistent with the finances, 130 centrally backed scheme spanning all ministries were “rationalised / made over” into 65 schemes. This had excluded the ones schemes declared after April 1, 2020.

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