Mayor M. Anilkumar said Kochi may be able to spend nearly Rs 70 crore in the allocation in fiscal year 2024-25.
Taking into account the Rs 2.347 crore expenditure bill for infrastructure, utilization may exceed Rs 7 billion. In manufacturing, only Rs 3 crore is spending 18 crore.
Speaking at the Company Committee meeting on Tuesday (25 February), Mr. Anilkumar said that the Chairman of the Development Permanent Committee should convene a weekly review meeting to improve fund utilization in the production sector. The draft development project for fiscal year 2025-26 to be discussed at the development seminar was also introduced at the meeting.
Projects for agriculture, animal husbandry, dairy development, fishery, housing, drinking water, regular caste development and women’s development have been included in the draft projects to be discussed at the workshop.
The opposition congress slammed the company’s late fund utilization rate, with only one month left at the end of the ongoing fiscal year. They claim the company is in trouble in fourth place. So far, only 46.20% of the funds have been utilized in the three departments so far. Of the 1,780 projects conceived, only 576 projects were completed.
In manufacturing, it’s even worse, with only Rs 358 crore out of the allocated Rs 185 billion. In the service industry, only Rs 2986 crore is in the price of Rs 268.4 crore, while in the infrastructure industry, the cost of Rs 8068 crore is Rs 3102 crore. The opposition said that out of 1,057 spillover projects, 497 projects can be completed, while for ongoing fiscal projects, only 79 can be completed.
The utilization rate of development funds in the general category was 46.03%, compared with 36.91% in the planned caste category and 7.70% in the tribal sub-program category. In the maintenance grant (road) category, utilization is 63.40%, compared with 35.51% in the non-road category.
publishing – February 25, 2025 at 10:02 pm IST
