CAG blames JAKEDA for underutilising GoI’s funds

Srinagar: Delay in submission of utilisation certificates by the Jammu and Kashmir Energy Development Agency (JAKEDA) has led to meagre utilisation of assistance by the Government of India, ranging from just seven to 66% during 2008-09 to 2013-14.
According to a report by the Comptroller and Auditor General (CAG), average annual utilisation of available funds provided by Gol for implementation of various schemes during the years 2008-09 to 2013-14 ranged between 7% and 66% , indicating that JAKEDA had not been able to utilise the full quantum of assistance.
“The unspent funds at the close of each year during the period 2008-14 ranged between Rs 3.99 crore and Rs 43.03 crore,” the CAG said in its latest report. “The Gol sanctioned eight projects for Rs 37.52 crore during the period 2008-11, against which an amount of Rs 5.61 crore only had been released by Gol as of March 2014. This led to withholding of balance funds of Rs 26.75 crore as the (JAKEDA) could not submit the requisite documents, certificates like monitoring reports, satisfactory installation certificates, utilisation certificates, due to non-completion of projects.”
The CAG also rejected state government’s claims that all the utilisation certificates had been submitted to the Gol well in time as per norms. “The reply was not acceptable as JAKEDA had submitted the utilisation certificates belatedly with delays ranging between 12 months and 44 months from the due date of submission of utilisation certificates.”
“Audit noticed the funds ranging between Rs 20 lakh and Rs 6.33 crore were credited to the Civil Deposits during the years 2008-09 to 2011-12. An amount of Rs 90.87 lakh had been lying unspent as of March 2014,” the CAG said, saying that this was indicative of unrealistic estimates formulated by the JAKEDA— an agency of the Science and Technology Department meant to for harness new and renewable energy in the state.