CAG flags gross lapses in OMBADC funds use

BHUBANESHWAR: The Comptroller and Auditor General (CAG) has pointed out serious deficiencies in selection of need-based projects in priority sectors for tribal welfare leading to overlapping of schemes and unfruitful expenditure from Odisha Mineral Bearing Areas Development Corporation (OMBADC) funds.

The OMBADC, the special purpose vehicle (SPC) created for planning, selection and financial management of new water supply projects, did not assess the actual requirement when large amounts of central and state governments funds for rural water supply remained unutilised.