Posted On September 7, 2016 By In City And 227 Views

NABARD Loan for the balance amount for completion of project

The Central Assistance (CA) released so far by GoI is Rs.382.40 Crores during the period from 2005-06 to 2008-09. The project did not get CA from 2009-10 onwards for want of Revised Estimate approval in TAC. The total expenditure incurred upto March 2016 is Rs.3580.34 Crores. The budget provision made for this project is Rs.883.02 Crores during the financial year i.e., 2016-17.

Further to bring to your notice that, the revised investment clearance for the revised cost is yet to be accorded by Government of India. In this connection I state that apart from the central assistance, the Government of India in principle agreed to provide NABARD Loan for the balance amount for completion of the project. The balance amount required for completion of the project is Rs. 1906.3 Crores which shall be posed under NABARD will be a huge burden to the State.

If the investment clearance for Rs. 5940.09 Crores is accorded, this project is eligible to get CA of Rs. 876.77 Crores (eligible CA of Rs. 1259.177 Crores – CA released so far Rs. 382.40 Crores). Accordingly, the NABARD loan amount will be reduced to Rs. 1209.53 Crores.

Therefore, I request the Hon’ble Union Minister for Water Resoursces, Government of India to kindly issue orders to the concerned authority to accord investment clearance for Rs. 5940.09 Crores so as to enable us completion of the project within the time frame with less burden to the State.

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