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Business EconomyPosted at: Jan 19 2017 8:38PM


Centre releases special central assistance to various states

New Delhi, Jan 19 (UNI) Following the recent release of Rs 200 crore to the state of Bihar, the Central Government has decided to provide further “Special Assistance” of Rs 1129.40 crore to the state during 2016-2017 for completion of the approved ongoing projects under Special Plan for Bihar.
These releases are in continuation to the release of Rs 1,887.53 crore which was made by the Central Government during the year 2015-16. Including the present release of Rs 1129.40 crore, the Central Government has so far released Rs 6934.61 crore to Bihar.
The Central assistance would facilitate completion of ongoing projects such as strengthening of sub-transmission system (including capacity augmentation) in North and South Bihar, renovation and modernization of Barauni and Muzaffarpur Thermal Power Stations, construction of transmission system at Kishanganj with associated transmission lines.
The release of fund would accelerate the completion of much needed power generation and transmission system of Bihar which in turn would lead to higher availability of electricity for the people of the state.
The Centre in order to honour its spill-over committed liability had recently released Special Assistance of Rs.367.93 crore to Odisha during 2016-17. This is the final instalment for funding of projects under Special Plan for the KBK districts (districts of Koraput, Bolangir and Kalahandi reorganized into eight districts).
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