FM for closing 120 schemes

FM for closing 120 schemes
PTI
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First Published: Mon, Feb 12 2007. 03 46 AM IST
Updated: Mon, Feb 12 2007. 03 46 AM IST
New Delhi: Hundreds of people could lose their jobs if the finance ministry has its way in scrapping 120 central schemes in the coming 11th Plan.
“The finance ministry does not want to continue 120 centrally sponsored schemes worth Rs2,179.83 crore, currently operational in the 10th Plan and wants to disallow their spill over into the 11th Plan,” government sources said.
In order to prevent spillover of these schemes into the 11th Plan, the finance ministry has proposed a budgetary allocation of Rs50 crore for the department of expenditure, which would be used in relocation of manpower and meeting the establishment expenditure, till the schemes are wound up, sources said.
The move is aimed at ensuring that no funds are made available for schemes scheduled to close down at the end of the 10th Plan, they added.
“The finance minister has already instructed the ministries concerned that the surplus manpower should either be absorbed elsewhere or adjusted as per the existing guidelines,” they said.
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First Published: Mon, Feb 12 2007. 03 46 AM IST