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STATE FAILS TO UTILIZE CENTRAL FUNDS FOR SKILL DEVELOPMENT COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS

 
 
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STATE FAILS TO UTILIZE CENTRAL FUNDS FOR SKILL DEVELOPMENT COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS
by System Administrator - Tuesday, 18 April 2017, 11:32 PM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : While the nation is struggling to hone the skills of young Indian to generate employment opportunities, Karnataka seems to have run out of ideas to develop the skills of citizens and is sitting on central government funds. Under the renamed scheme of Deendayal Antyodaya Yojana ­­ National Urban Livelihood Mission (DAY-NULM), the ministry of housing and urban poverty alleviation noted that Karnataka has Rs 38.71 crore of unspent balance in it accounts as of April 1, 2016. Further, the state has also not provided its utilization certificates (UC) for the expenditure under the scheme. Result: A sizeable amount of Rs 67.35 crore has been frozen by the Centre.The Centre, while responding to a question raised by Rajya Sabha MP K C Ramamurthy on the NULM project on April 6 in Parliament had said: "As per the monthly progress report provisional utilization certificate submitted by Karnataka, an amount of Rs.3,871.73 lakh (Rs 38.71 crore) was available with the state as unspent balance on April 1, 2016.The state couldn't fully utilize the balance and, as per instructions from the ministry of finance, no funds could be released to the state to avoid parking of funds."