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| CAG Report Opens Pandora’s Box | | | The report submitted by the Comptroller and Auditor General (CAG) of India picking up holes in the distribution of central funds by the erstwhile PDP-BJP regime has opened a Pandora’s Box.
The report has revealed that the erstwhile government in Jammu and Kashmir had diverted Rs 200 crore from the Prime Minister’ Development Package (PMDP) to fulfill its own commitments.
The package was meant for rehabilitating the businessmen who had suffered losses in 2014 floods and 2016 unrest. But the CAG report has revealed that the funds were given to powerful business houses in Jammu and Kashmir. Out of these ten such beneficiaries had not suffered any losses.
The CAG report has also pointed out that out of Rs 200 crore, Rs 199.96 crore were given to J&K Bank while other banks just received peanuts as their share.
The Prime Minister’s package was meant for helping the genuine businessmen, who had suffered losses and were unable to pay installments of their loans. The money was offered by the Central Government to restore the stability. But unfortunately it didn’t reach the people whom it was meant for. Those people were provided financial assistance, who didn’t need it.
The Jammu and Kashmir Bank, which claims to be the people’s bank, also went out of way to help the powerful people. It provided money to big business houses even without verifying the claims of beneficiaries.
The CAG report has brought to fore the grave financial mismanagement which J&K witnessed in the past.
The holes picked up by the CAG need to be verified and if any undue benefit has been provided to anyone it should be reversed. Rs 200 crore was meant for helping the deserving and needy and not the ones who already have money and were running their businesses smoothly.
The CAG report has once again proven beyond doubt that the benefits of the centrally sponsored schemes didn’t reach a common man in J&K and the powerful people were the biggest beneficiaries.
The present dispensation in J&K should take a note of it and ensure that such practice is not repeated in future. The central funds should reach the people whom these are meant for. The Centre’s help should not go in vain. |
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