Finance Minister Nirmala Sitharman on Friday said that most of the extra assets in the principal group of the Supplementary Demands for Grants would be spent on individuals driven plans during the COVID pandemic.
In her answer to the discussion on the Supplementary Demands for Grants for 2020-21 and the Demands for Excess Grants for 2016-17 in the Lok Sabha, Finance Minister said it is presumably just because that the administration has looked for such a gigantic sum in the principal cluster of the Supplementary Demands for Grants.
Late on Friday evening, the Lok Sabha affirmed the strengthening requests for extra spending of Rs 2.35 lakh crore, including a money outgo of Rs 1.66 lakh crore.
The Center has looked for Rs 40,000 crore for giving awards to the making of capital resources under the Mahatma Gandhi National Rural Employment Guarantee Scheme and for the exchange of assets to the National Employment Guarantee Fund.
It has looked for extra use of Rs 30,956.98 crore for giving Grants-in-Aid General to Direct Benefit Transfer to Pradhan Mantri Jan Dhan Yojana’s ladies financial balance holders.
Further, to meet the use towards recapitalization of the Public Sector Banks through the issue of government protections, it has looked for an endorsement for the consumption of Rs 20,000 crore.
Endorsement for use of Rs 4,000 crore has been looked for meeting an extra consumption towards Grants-in-Aid General to National Credit Guarantee Trustee Company Ltd (NCGTC) for the Guarantee Emergency Credit Line (GECL) office to qualified MSME borrowers.
The primary clump of Supplementary Demands for Grants for the monetary year 2020-21, in addition to other things, incorporated a total of Rs 46,602.43 crore required for giving extra portions under the Post-Devolution Revenue Deficit Grant (Rs 44,340 crore) and Grants-in-Aid General for States Disaster Response Fund (Rs 2,262.43 crore) according to the acknowledged suggestions for the fifteenth Finance Commission.
The administration costs have expanded of late and are probably going to increment further due to the COVID pandemic and the inevitable economic slowdown.