“MADHYA PRADESH Tribal Finance and Development Corporation failed to lift even a single tribal family above the poverty line.”
The corporation’s abysmally low performance gets reflected in the Comptroller and Auditor General (CAG) of India’s report (commercial) for the year 2004-05.
The report says, “Though the company was aware that the failure of schemes was due to irresponsibility and rampant corruption on the part of staff, it failed to take any remedial measure to set right the deficiencies.”
In its comment on Madhya Pradesh State Electricity Board (MPSEB)’s performance the report says the board lost Rs 10619.31 crore of ‘potential’ revenue due to excessive transmission and distribution (T&D) losses.
The Board failed to achieve even the modest target of reduction of T&D losses progressively to 28 per cent by 2004-05 as prescribed by the regulatory commission.
The report deals with the results of audit of the State’s 42 public sector undertakings (PSUs) comprising of 38 Government companies and four statutory corporations.
The 38 Government companies include 29 working companies and nine non-working companies. The report says the total investment in working PSUs increased from Rs 4934.12 crore as on March 31, 2004 to Rs 5637.59 crore as on March 31, 2005. The total investment in non-working PSUs increased from Rs 198.99 crore to Rs 224.36 crore.
On the electricity board’s performance the report says the board failed to maintain a balance between the growth of sub-transmission and distribution transmission capacity in relation to connected load.
The mismatch resulted in T&D losses of over 250 per cent of the accepted level of such losses. There was avoidable excess expenditure of Rs 70.40 crore on procurement of transformers.
On Madhya Pradesh Audyogik Kendra Vikas Nigam’s creating and developing infrastructure facilities the report states AKVNs neither evolved any long term plan or strategy for acquisition of land nor fixed any annual targets in this regard. Against 23 growth centres to be developed by 1994, AKVNs developed only 14 growth centres during the last five years ended March 31, 2005.
Expenditure on acquisition of land (Rs 6.63 crore) and development of plots ( Rs 68.94 crore) remained unfruitful due to non-completion of development of land and non-allotment of plots.
Delay in acquiring/developing land and allotting plots in special economic zone (SEZ) resulting in the expenditure of Rs 27.45 crore remaining unfruitful. Injudicious decision to reduce the premium of land in respect to industrial units of SEZ resulted in loss of revenue of Rs 22.58 crore.
Deficient planning and inefficient operation of food processing industrial parks resulted in unfruitful expenditure of Rs 31.26 crore.