“Weaker sections bearing brunt of prevailing bankruptcy” State plunged into unprecedented financial crisis: Mufti

Excelsior Correspondent
JAMMU, Jan 25: Patron of People’s Democratic Party (PDP) Mufti Mohammad Sayeed today said the incompetence of political leadership and mis-governance is responsible of prevailing financial crunch in the State.
He said that inefficiency of the present leadership has thrown the State into unprecedented financial crisis and gravity of the prevailing mess can be gauged from the fact that the State Government has failed to even arrange matching grants for various Centrally sponsored welfare schemes.
Addressing a meeting of the SC-OBC wing of the party here today, Mufti pointed towards Centrally sponsored welfarist schemes are defunct in the State because the State Government has failed to provide matching grants for these schemes. “Instead of arranging matching grants to make such welfare schemes functional, the State Government is more concerned about disbursing funds to its blue-eyed boys in irrational manner “, he said.
He said that prevailing financial bankruptcy in the State is depriving weaker sections of the society of the benefits of various schemes especially formulated for their upliftment. “Others States are taking benefits of the revolutionary Centrally sponsored schemes meant for the socio-economic growth of the weaker and marginalized sections of the society but in J&K these schemes are defunct because State Government has failed to arrange even matching grants”, he said and regretted that ruling elites of the state are more concerned about their own luxuries instead of addressing problems of the deserving lot of the society.
Mufti said that unemployed educated youth are the worst victim of the prevailing financial bankruptcy in the State because Government does not have funds to create job avenues for the unemployed youth.
“It is result of the prevailing financial anarchy in J&K that State Government has even failed to secure normal plan funds from the Centre”, he said and  pointed out that during the previous financial year also the centre had forfeited Rs 1300 crores out of plan allocations for State Government’s inability to spend funds in time and properly.
Pointing towards financial position in the State, he regretted that Government does not have funds to release pensions for widows, aged old and handicapped. “Where the money approved in the Assembly during last Budget Session for these pension schemes has been gone?”, he asked and maintained these amount for these welfare schemes has been diverted to provide luxuries to the ruling elites.
He further said that bills worth hundreds of crores had remained unpaid for months together due to financial crunch.

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