Don’t miss the latest developments in business and finance.

Punjab CM calls for reviewing progress of NABARD projects

Image
Press Trust of India Chandigarh
Last Updated : Nov 02 2015 | 7:02 PM IST
To ensure timely completion of projects under NABARD, Punjab Chief Minister Parkash Singh Badal today asked the state Chief Secretary to review the progress of such works on monthly basis.
Badal, presiding over a meeting of senior NABARD officers led by its Chief General Manager (CGM) PM Gohle here, expressed concern over the undue delay in implementation of projects worth Rs 700 crore in the state.
He asked the Chief Secretary to monitor the progress of the ongoing projects every month so as to streamline their execution in a time-bound manner.
Badal said every department should also be in constant touch with the NABARD officers, to overcome any sort of problem or impediment that comes in the way of implementing these projects.
The CM also asked the officers to submit Utilisation Certificates of all the projects completed by them to the NABARD officers for updating them regarding the pace of ongoing work.
The concerned administrative secretaries of various departments should also keep direct liaison with the officers of the development agency so as to keep a close tab over the progress of the funds received for these projects, he said.

More From This Section

Badal also impressed upon the officers of NABARD to sanction loans liberally for funding the various development projects across the state especially in the rural sector.
The NABARD CGM assured the CM of full support and impressed upon the state government to reap maximum benefits by availing loans from the agency, which was the cheapest source of financing development projects in rural sector.
The Badal was also updated on the status of projects for 2015-16 and he asked the implementing agencies to ensure their timely completion.

Also Read

First Published: Nov 02 2015 | 7:02 PM IST

Next Story