Summary:
Now, with these curbs in place, the expenditure from plan fund has just crossed 50%.“It has already affected the plan fund project implementation. KOCHI: The restrictions imposed by the state government on withdrawals from the treasury has hit the implementation of several plan fund projects. When there is a liquidity crunch, government used to impose treasury restrictions. Though the formal order in this regard was issued on February 15, the curbs were in place for the past one month.The government had planned the completion of all plan fund projects (for 2018-19 fiscal) by January 31, 2019. This has affected the implementation of plan fund projects,” said chairperson of standing committee (development) at Kochi Corporation Gracy Joseph.“Unlike small local bodies, we have major projects and so the bill amount would be higher..