Covid-19 crisis: No new scheme for a year as govt tightens purse strings

Covid-19 crisis: No new scheme for a year as govt tightens purse strings

The Union finance ministry has put the brakes on the implementation of new sch

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The Union has put the brakes on the implementation of new schemes other than those announced in the Rs 20-trillion package to revive the economy and help vulnerable sections amid the Covid-19 crisis.


New schemes, up to Rs 500 crore, which have already been appraised by the departments and ministries, would also be suspended in the current financial year.



These schemes would also include those which have been given in-principle approval.


The financial advisors of the departments have been asked to send a list of these schemes to the department of expenditure under the by June 30.


No funds would be released for these schemes. These are small schemes in value. For instance, none of the 20 schemes listed in the annexure of the Budget speech for 2020-21 comes under this.


The smallest of these schemes — National Ganga Plan — was allocated Rs 800 crore for 2020-21 by the Budget. The has already given interim approval for continuation of the…



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