Article: Panchayati Raj ministry to launch fund for backward regions.

Panchayati Raj ministry to launch fund for backward regions

New Delhi, June 14 (PTI) In order to reduce regional imbalance in development, the Panchayati Raj ministry is launching a Backward Regions Grant Fund which is expected to be shortly cleared by the Cabinet.

"This is a new scheme and the proposal had been initiated and piloted by the Planning Commission. Formal approval for the scheme and its allocation to the ministry of Panchayati Raj is awaited," ministry sources said.

They said that for 2006-07, the budget estimate for this scheme under the ministry is Rs 3,750 crore. It is proposed that the scheme will cover the same 200 districts ...

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