NEW DELHI: The Union HRD Ministry has so far released over Rs 12,000 crore to the states in the current financial year as against over Rs 2,000 crore in the corresponding period last fiscal.
Union HRD Minister Prakash Javadekar credited the advancement of the date of presentation of the Union Budget this year and the passing of the Finance Bill before the commencement of the new fiscal for the speedy release of budgetary funds to the states.
“Earlier, the Finance Bill used to get passed only in May and the release of funds used to start only by June, the time by which monsoon sets in.
“The MHRD has released Rs 12,621.45 crore to the states as on April 30 as against a meagre Rs 2,726.39 crore released the corresponding period in the last financial year,” Javadekar said in an official statement. (AGENCIES)
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