SHILLONG, Oct 4: Minister incharge Fisheries Comingone Ymbon has informed that the central government has approved the proposal of the Meghalaya government for development of fisheries in the state at a total cost of Rs 94.41 crore.
Informing about the approval that the state has received from the centre, Comingone said that the project will be as per the revised subsidy and subsidy sharing pattern which was notified through a letter by the Ministry dated January 1, 2018.
The centre’s approval also comes has a penalty clause.
According to Comingone the letter from Union Ministry of Agriculture and Farmers’ Welfare to the state government stated that “the facilities should not be used for any purposes other than the purposes for which they are created. In case the facilities created under this project are utilised for other than the purposes for which they are created, then the state/beneficiary shall refund the entire central funds availed with 12 percent interest per annum or bank interest accrued whichever is higher.”
In a letter to the Secretary (Finance), the Union Ministry of Agriculture and Farmers’ Welfare, stated that in accordance with revised subsidy and subsidy sharing pattern contained in the department’s administrative approval dated January 1, 2018, the liability of government of India towards the implementation of the approved proposal under the CSS has been worked out at Rs 51.97 crore.
The Ministry’s letter also stated that the central liability shall be released to the government of Meghalaya in instalments.
The Ministry also informed that in the letter to the state’s Secretary (Finance), the first instalment of Rs 25.98 crore has been released for the year 2018-19.
“The remaining central share shall be released only after, fulfilment of information/documentation, submission of utilisation certificates in respect of the central share released/utilised, submission of physical and financial progress reports and submission of details of the beneficiaries covered under the approved project,” the letter from Union Ministry of Agriculture and Farmers’ Welfare said.