About Me

Out of the fund, PRIs will get a total amount of around Rs. 15,715.60 crore while the ULBs will get an amount of around Rs. 8,132.52 crore.

On the recommendation of Odisha’s Fifth State Finance Commission, the Urban Local Bodies (ULBs) and Panchayati Raj Institutions (PRIs) in Odisha will get a funding of around Rs. 23,848 crore over a period of six years.

The funding was finalised in a high-level monitoring committee meeting which was held under the Chairmanship of Chief Secretary Asit Tripathy in Lokseba Bhawan Conference Hall.

Key Highlights:

•   The self-government bodies have been asked by the officials to take up the need-based projects that have the potential of revenue generation so as to make those sustainable in the long run.•   Chief Secretary, Asit Tripathy has directed the ULBs to diversify their revenue base and achieve a 6% increase in annual revenue generation.

•   Principal Secretary Finance has apprised that the total fund of around Rs. 2,23,848 crore will be transferred to these bodies over a time period of six years from 2020-21 to 2025-26.

Post a Comment