Omar, Montek to finalize JK plan on May 20

98% Expenses Booked Last Fiscal


Srinagar, May 14: Chief Minister Omar Abdullah is all set to seek Rs 8000 crore plan for J&K for the financial year 2013-14 in his May 20 meeting with Deputy Chairman Planning Commission of India (PCI), Montek Singh Ahluwalia. Omar would be seeking early finalization of the plan given the fact that the annual plan for the last fiscal was finalized in June, affecting timely spending.
According to officials in the State Finance department, the Chief Minister would be giving an overview of the achievements made by the government during the last financial year. “PCI officials, especially its Deputy Chairman would take a firsthand account of the achievements made by J&K through a presentation,” the officials said.
Talking to Greater Kashmir, Finance Minister Abdur Rahim Rather said the State has already fixed the annual plan at Rs 8000 crore. “We will seek sanction of entire amount and its early release so that funds could be utilized without any delay,” he said.
Rather said besides him, the Chief Minister would be accompanied by Minister for Planning and Development, Ajay Sadhotra, and officials from the Finance and Planning department including Principal Secretary Finance, B B Vyas, and Principal Secretary Planning and Development, B R Sharma.
The Finance Minister said, “We have to showcase our development before the PCI before seeking sanction for the next plan. We will also put forth our requirement, segment or department wise.” On whether PCI would sanction the plan in the same meeting, Rather said it was very much possible that things would be finalized on May 20.
J&K officials have already held a series of deliberations with the PCI. Sources in the J&K Planning department said the State had a “very good case” before the PCI as it has incurred 98 per cent expenses from the previous plan. “As per the estimates available with us, all departments

have spent almost entire amount of plan funds,” they said. They, however, expressed concern over slow pace of utilizing funds released under Prime Minister’s Reconstruction Plan (PMRP). “J&K was granted Rs 1200 crore under PMRP. Rs 200 to 300 crore are still unspent,” they said. “The State government is further demanding sanction of Rs 600 crore under PMRP.”
The sources, however, claimed that unspent balance of PMRP was not going to affect the annual plan finalization. “Though J&K officials may face some tough questions during the meeting, but it is likely that PCI would grant sanction to the amount sought,” a source said.
A senior official in the Finance department said given the poor economic scenario in J&K, the state badly needed financial support from the Planning Commission.

Lastupdate on : Tue, 14 May 2013 21:30:00 Makkah time
Lastupdate on : Tue, 14 May 2013 18:30:00 GMT
Lastupdate on : Wed, 15 May 2013 00:00:00 IST

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