Question : UTILISATION OF FUNDS



(a) whether the funds allocated by the Government for shipping industry during the last three years have not been fully utilised;

(b) if so, the details of the percentage of funds spent out of the total allocated funds during the last three years and the current year;

(c) the number of projects completed during the said years; and

(d) the reasons for not making optimum utilization of the allocated funds?.

Answer given by the minister


MINISTER OF SHIPPING (SHRI G.K. VASAN)

(a) & (b): During the last three years and the current year following percentage of Plan funds were utilized. This percentage is with respect to the original budget estimates.

2007-2008	55.04%	2008-2009	53.83%	2009-2010	107.54%	2010-2011	47.35% (upto 30.11.2010)

(c) & (d): It is practically difficult to count the completed projects as some projects are part of the ongoing schemes which includes upgradation of existing facility. Due to procedural delays, the entire outlay could not be utilized in 2007-08 and 2008-09. However, during 2009-10, funds more than the original budget estimates were utilized.