JK registers over 95% achievement in NABARD sector

JAMMU, 28 Feb: Financial Commissioner Finance, Dr.ArunKumar Mehta today chaired the meeting of the high powered committee for reviewing performance achieved under NABARB funded projects.More than 95% achievement has been registered in projects funded by the bank.

Financial Commissioner, H&ME, Atal Dulloo; Commissioner Secretary PHE, AK Sahu; Director Finance, Showkat Hussain Mir, CGM NABARD, P Balachandran; DGM NABARD, Rahul Shashni and representatives from PWD, Animal Husbandary and Agriculture departments were present in the meeting.

Dr. Mehta asked the departments to ensure reimbursement of entire amount of Rs 500 crores till the end of this financial year. He enquired about the utilisation certificates and work done claims submitted so far from each concerned department. He asked them to work in a systematic manner and keep things improving.

The Financial Commissioner underscored the need formaking performance the only benchmark for efficiency. He stressed thata flexible approach should be adopted so that issues are solved instantly but effectively. He also directed to enhance coordination between the indenting department, intermediary (Finance department) and funding agency to improve the performance on ground.

It was given in the meeting that against the normative allocation of Rs 500 crores for the current fiscal Rs 400.64 crores stand sanctioned for various projects of PWD, PHE and Animal Husbandry, thus registering a cumulative achievement of 95.95%. The meeting discussed that the sanctioned projects include 85 rural roads and bridges, 38 water supply schemes, and 2 projects of Animal Husbandry.

The meeting was further apprised that projects worth Rs 99.08 crores has already been sent for sanctioning to NABARD. These include 5 of Horticulture (Fruit & Vegetable market), 6 for extending the agriculture extension facilities, and 8 for minor irrigation/flood control works.

The meeting also discussed the ways to enhance the capacity of departments to utilise whole sanctioned amounts efficiently. It said that this would usher the union territory on the path of progress and development as envisioned by the LG administration.