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| Vohra urges Finance commission to consider liberal funding for J&K | | | EARLY TIMES REPORT
SRINAGAR, JULY 2 – The Governor, Mr. N. N. Vohra, while endorsing the Memorandum submitted by the State Government to the Thirteenth Finance Commission, urged upon the Commission to provide liberal funding to Jammu and Kashmir for ensuring all round and speedy development of the State in the next 5 years. He urged the Commission to factor in the very high cost of delivery of public services to people living in the far-flung and remote areas in the State, as compared to other states in the country, while finalising their Award.
The Governor was interacting with the Chairman of the Thirteenth Finance Commission, Dr. Vijay Kelkar and Members of the Commission, currently on a visit to Jammu and Kashmir, here this evening.
The Governor emphasized that there is urgent need for capacity building, particularly in terms of institutional and human capacity for formulation, implementation and monitoring of mega development projects in the State, through both on-site and off-site training programmes. He advocated computerization of work-processes in a big way. Such initiatives would enhance the absorptive capacity and effective utilization of available funds by the State Government, besides ensuring timely and efficient execution of the projects right from the conception to the commissioning stage with strict monitoring of quality and time-schedules.
Referring to the need for rejuvenating and strengthening the institutional framework for delivery of public services, the Governor stressed the need for reviving Public Sector Enterprises in the State. The Governor observed that a new financial architecture, with adequate financial support from the Central Government, will be imperative for turning around the ailing units and making them relevant and responsive to emerging needs. He also called for providing one-time funding to the rural credit delivery institutions, particularly the State Financial Corporation, Grameen Bank and the cooperative institutions, to tackle the problem of their non-performing assets. He said that such institutions had been dented by the obtaining security situation in the State and their revival will go a long way in easing credit flows, especially to the agriculture sector for boosting farm production and creation of rural employment. He said that about 60% population of the State is dependent on agriculture and allied activities for their sustenance. Enormous resources are required for diversification and value addition to make the agro-based sectors more remunerative. Processing of horticulture produce at the household level could substantially add to the existing income levels of the farming households. He emphasized that the farmers have to be provided assured means of irrigation, common facility centres, cold chains, storage, marketing and credit facilities for enhancing productivity and production.
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