Budget to have new schemes for backward taluks

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B.S. Yediyurappa
B.S. Yediyurappa

Special Correspondent

Emphasis is on implementing Nanjundappa's recommendations, says Yediyurappa

BANGALORE: The 2007-08 budget will give more emphasis on implementing the recommendations of the High Power Committee for Redressal of Regional Imbalances, headed by late D.M. Nanjundappa, said Deputy Chief Minister and Finance Minister B.S. Yediyurappa.

Addressing presspersons here on Wednesday, he said the Nanjundappa Committee report had identified 39 most backward taluks in the State. There were 21 most backward taluks in Gulbarga district, five in Belgaum, 11 in Bangalore and two taluks in Mysore divisions. The Government would announce new schemes and earmark funds to implement them in backward taluks in the coming budget. He had been holding talks on these issues with Planning Board Deputy Chairman A Ravindra, Mr. Yediyurappa said.

He said 80,000 beneficiaries of Bhagya Lakshmi scheme would be issued bonds each valued at Rs. 10,000. A committee headed by Chief Secretary Malathi Das had been constituted to complete the formalities. The Cabinet would take a decision on the issue, he said.

Under the scheme, the Government would issue bonds in the name of girl child born in families living below poverty line. The girls could now withdraw the amount along with interest after completion of eighth standard, he said. The scheme was launched on November 14, 2006.

He said there was no shortage of financial resources for implementing projects. The pending bills of all departments had been cleared. From the Union Government, the State had received Rs. 262 crore compensation claim for the revenue losses occurred from April 2006 to August 2006, on account implementation of Value Added Tax.

The Finance Minister also decided to hold a meeting with State MPs once a month to get sanctioned projects and funds from the Union Government. About appointing a Special Representative of the Government in New Delhi, he said the coordination committee meeting to be held on Thursday would discuss the issue.

Earlier, Calvin Eu Mun Hoo, High Commissioner of Singapore to India, called on Mr. Yediyurappa and discussed the investment climate in the State.




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