New Delhi: The Planning Commission has given its investment clearance for a Rs 115.9 crore project titled ‘Protection of Majuli Island, Assam from flood and erosion, Phase II and III.’
According to an official statement here on Wednesday, the project will be completed by the current fiscal and Plan accounts would be closed by March 31, 2012.
The project aims at protecting 22 satras and public/private properties as well as economic development and social upliflment after reconstruction of roads and bridges usually destroyed during floods.
The Vaishnavite tradition and culture – being heritage of Assamese people would also be preserved. The tribal population which is about 70 per cent of total population would be the main beneficiary in terms of economic social development, the statement said.
It said Ministry of Water Resources/Brahmaputra Board would restrict the expenditure to the approved cost and no additional expenditure beyond approved cost may be permitted unless the revised estimate is got approved following the prescribed procedure. (UNI)
