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| Modify financing patterns: CM | | | Early Times Reporter
Jammu | Dec 19
Chief Minister Ghulam Nabi Azad has called for thrust on infrastructure capacity building and modification of financing patterns of the centrally sponsored schemes to percolate the benefits of five year plan.
He said that the eleventh five year plan is perhaps the first such plan whose success depends entirely upon progress of the states. "While I think it is a good development, the problem is that in many states, including Jammu and Kashmir, the institutional capability to spend this kind of money is not very high. It is, therefore, necessary to start right from today the process of institutional capacity building and institutional reforms. Only then we can spend the allocated money in an appropriate manner", he the Chief Minister said while speaking at the meeting of National Development Council in New Delhi today.
He advocated exploring possibility of a monetary policy for the purpose of employment generation. "There are a number of schemes and programmes that envisage increase in the mandays of employment, yet the strategic thrust and policy intervention is what is needed", he added.
Azad said "in the prevailing cycle of high growth and high unemployment, RBI ought to choose employment targeting as a subject to devise a set of monetary policy instruments to achieve the target".
The single most important thing to differentiate "inclusive growth" from its earlier avatars of "growth with equity", would be the use of monetary policy measures for creating employment, he suggested.
He said "there is an urgent need to modify the financing pattern of all centrally sponsored schemes for the special category states so that they have to provide only 10 percent of the cost as their share".
Citing the example of Jammu and Kashmir where development of road network in far-flung and hilly areas is about ten times higher than the plains, Chief Minister said that much headway could not be made under Bharat Nirman as the scheme does not provide the cost for land acquisition. "There may be a case for making a special dispensation in this regard for Jammu and Kashmir", he added.
He said that state governments should not become mere implementing agencies for the central plan or sponsored schemes as state governments have to concentrate and deliver according to the state and district plans. "We have seen that the 'free plan resources' available to the states have been shrinking during the 10th Five Year Plan. There is a real danger that this trend will get accentuated further. We have to ensure that the specific needs of a state are met, even as we equalize generic services across states.
He said the states were delighted to get substantial amount under 11th Five Year Plan, but what happens after the 11th Plan is any body's guess as the rich schemes will be transferred to the states non-plan expenditure without a corresponding revenue resource. Therefore, Mr. Azad suggested creation of fund right now to take care of the liabilities bound to arise. |
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