Rs 63,000 Cr Released to Andhra Pradesh Under CSS: Centre
Jul 22, 2024 15:02
The Centre has released over Rs 63,000 crore to Andhra Pradesh in the last five years under various centrally sponsored schemes, Lok Sabha was informed. The funds were released under the CSS from 2019-20 to 2023-24.
New Delhi, Jul 22 (PTI) Over Rs 63,000 crore has been released by the central government to Andhra Pradesh in the last five years under various centrally sponsored schemes, Lok Sabha was informed on Monday.
Union Minister of State for Finance Pankaj Chaudhary said in the House that the Ministry of Finance allocates funds through the budgetary process to different ministries and departments for each of the schemes and programmes, including centrally sponsored schemes (CSS).
Thereafter, the respective ministry and department releases the central share of CSS funds to state governments as per guidelines of the respective schemes and the subsequent releases to states are based on submission of utilisation certificates as per General Financial Rules (GFRs) for the funds released earlier.
Chaudhary said the funds that remain unutilised are adjusted towards the grants-in-aid payable during the next financial year.
He said Andhra Pradesh too has been given funds under the CSS from 2019-20 to 2023-24. They are Rs 11,003.60 crore in 2019-20, Rs 12,928.69 crore in 2020-21, Rs 9,696.98 crore in 2021-22, Rs 16,114.94 crore in 2022-23 and Rs 13,313.77 crore in 2023-24.
The minister said consolidated information on contribution of state's matching share is maintained in the Public Financial Management System (PFMS) only after 2020-21. The year-wise details of matching share of CSS contributed by Andhra Pradesh are: Rs 12,167.68 crore in 2021-22, Rs 6,582.58 crore in 2022-23 and Rs 8,023.13 crore in 2023-24.
Replying to a supplementary question on allegations of corruption during the previous YSR Congress government, Chaudhary said if the central government receives any specific information, it would look into it.
Home »
Market News » Rs 63,000 Cr Released to Andhra Pradesh Under CSS: Centre
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Nepal Allows Indian High-Value Notes After Ban
Nepal lifts decade-long ban on Indian high-value currency notes (Rs 200 & Rs 500) up to...
SBI Yono 2.0 Launched; Hiring 10,000 Staff
SBI launches Yono 2.0 & plans to hire 10,000 staff to help customers migrate to digital...
Ravi Ranjan Appointed SBI MD
Ravi Ranjan appointed Managing Director of State Bank of India (SBI). He succeeds Vinay...
KSH International IPO: Rs 213 Cr from Anchor...
KSH International raises Rs 213 cr from anchor investors ahead of its IPO. IPO opens...
NCDEX Gets Sebi Nod for Mutual Fund Platform
NCDEX receives Sebi approval for mutual fund platform, paving the way for equity...
WhatsApp Data Sharing: NCLAT Clarifies User...
NCLAT mandates user consent for WhatsApp data collection, including advertising. Learn...
Pajson Agro IPO Subscribed 6.59 Times on Day 3
Pajson Agro India''s Rs 74.4-cr SME IPO subscribed 6.59 times on final day. IPO...
Battery Storage Cost Falls: Rs 2.1/Unit, Power Min
Battery energy storage (BESS) cost drops to Rs 2.1/unit from Rs 10.18 in 2022-23....
India Rice Exports to US: No Dumping, Says...
Commerce Secretary clarifies India exports expensive basmati rice to the US, refuting...
360 One Raises Rs 2,300 Cr Realty Fund
360 One Asset raises Rs 2,300 crore real estate fund, deploying majority in projects....
Read More »