Gadgil-Mukherjee formula.DR Gadgil and Dr Pranab Mukherjee have been Deputy Chairman of planning commission. The formula was adopted in 1991 by the National Development Council (NDC). This formula was made for devolution of central assistance for state plans.
As per the Gadgil-Mukherjee formula , 30 per cent of the total funds are earmarked for Special Category States.
As against the composition of Central assistance of 30 per cent grant and 70 per cent loan for major states, special category states receive 90 per cent plan assistance as grant and just 10 per cent as loan.
Raghuram Rajan's panel has suggested to replace Gadgil-Mukherjee formula with Rajan Committee’s Multi Dimensial Index (MDI) for allocation funds to states.
also read http://www.arthapedia.in/index.php?title=Gadgil-Mukherjee_Formula
UPSC and other competitive exams on Facebook
As per the Gadgil-Mukherjee formula , 30 per cent of the total funds are earmarked for Special Category States.
As against the composition of Central assistance of 30 per cent grant and 70 per cent loan for major states, special category states receive 90 per cent plan assistance as grant and just 10 per cent as loan.
Raghuram Rajan's panel has suggested to replace Gadgil-Mukherjee formula with Rajan Committee’s Multi Dimensial Index (MDI) for allocation funds to states.
also read http://www.arthapedia.in/index.php?title=Gadgil-Mukherjee_Formula
UPSC and other competitive exams on Facebook
No comments:
Post a Comment