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Paisa nahi hai! Bihar kaise agge badhega?

Congress, BJP, RJD, JD, JDU, LJP aur baki sab poltical parties claim karte hai ki power me ane ke baad wah Bihar ko 10 sallo me developed state bana denge, iss liye janta wuse vote dekar vijayee banawe, lekin power me ate hi ye partiya rag alapna suru kar deti hai ki Bihar ek Garib state hai aur uske pass paisa nahi hai to development kaisse hoga? There are unlimted projects tobe taken up for development of Bihar, e.g. Flood control and management, power, opening of new and maintainance of existing educational institutions, agricultural development, health related institutions, industrial development, infrastructure development, town planning, homes for poor, loans and subsidies and many more………………..

But for above projects, Bihar need lots of money/finance, how will Bihar get project funding ya Bihar ko paisa kaise milega development ke liye? Apni rai dijiye.

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Permalink Reply by Rajesh K.Pathak on May 3, 2011 at 1:24pm

The District Rural Development Agency (DRDA) has traditionally been the principal organ at the District level to oversee the implementation of different anti-poverty programmes. Since its inception, the administrative costs of the DRDAs were met by way of setting apart a share of the allocations for each programme.

However, of late, the number of the programmes had increased and while some of the programmes provided for administrative costs of the DRDAs, others did not. There was no uniformity among the different programmes with reference to administrative costs. Keeping in view the need for an effective agency at the district level to coordinate the anti-poverty effort, a new Centrally Sponsored Scheme for strengthening the DRDAs has been introduced with effect from 1^st April, 1999. Accordingly, the administrative costs are met by providing a separate budget provisions. This scheme which is funded on a 75:25 basis between Centre and States, aims at strengthening and professionalsing the DRDAs.

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Permalink Reply by Rajesh K.Pathak on May 5, 2011 at 10:05am

National Rural Employment Guarantee Scheme - Bihar has been prepared under the provision of National Rural Employment Guarantee Act, 2005. It guarantees 100 days of employment in a financial year to any rural household whose adult members are willing to do unskilled manual work. In case of failure to provide job, the labourer will be compensated with unemployment allowance. This scheme has been launched in 23 districts of Bihar Viz Araria, Aurangabad, Bhabhua, Bhojpur, Darbhanga, Gaya, Jamui, Jehanabad, Katihar, Kishangunj, Lakhisarai, Madhubani, Munger, Muzaffarpur, Nalanda, Nawada, Patna, Rohtas, Samastipur, Sheohar, Supaul, Vaishali from 2nd February 2006.

National Rural Employment Guarantee Scheme - Bihar is a Centrally sponsored programme on a 90:10 cost sharing between Govt. of India and State Govt. The Govt. of India will bear entire expenditure incurred on unskilled workers and 25% of expenditure on semi skilled/skilled workers and cost of materials. The expenditure incurred on payment of unemployment allowance is to be fully borne by the State Govt.

This programme is being implement through P.R.I.s 50% of Total available fund is made available to the Gram Pancahayat 30% to the Panchayat Samiti and 20% to the Zila Parishad.

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Permalink Reply by Rajesh K.Pathak on May 16, 2011 at 10:18am

The Industrial Development Bank of India (IDBI) was established on 1 July 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India. In 16 February 1976, the ownership of IDBI was transferred to the Government of India and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in the country. Although Government shareholding in the Bank came down below 100% following IDBI’s public issue in July 1995, the former continues to be the major shareholder (current shareholding: 52.3%). During the four decades of its existence, IDBI has been instrumental not only in establishing a well-developed, diversified and efficient industrial and institutional structure but also adding a qualitative dimension to the process of industrial development in the country. IDBI has played a pioneering role in fulfilling its mission of promoting industrial growth through financing of medium and long-term projects, in consonance with national plans and priorities. Over the years, IDBI has enlarged its basket of products and services, covering almost the entire spectrum of industrial activities, including manufacturing and services. IDBI provides financial assistance, both in rupee and foreign currencies, for green-field projects as also for expansion, modernisation and diversification purposes. In the wake of financial sector reforms unveiled by the government since 1992, IDBI evolved an array of fund and fee-based services with a view to providing an integrated solution to meet the entire demand of financial and corporate advisory requirements of its clients. IDBI also provides indirect financial assistance by way of refinancing of loans extended by State-level financial institutions and banks and by way of rediscounting of bills of exchange arising out of sale of indigenous machinery on deferred payment terms.