http://indianexpress.com/article/india/india-others/fund-for-disabled-set-up-10-years-ago-lies-unused/
A fund created on the order of the Supreme Court for welfare of the
disabled has swollen to Rs 223 crore, but not even 10 per cent of it
has been utilised
in almost a decade now.

The only plan in place, a scholarship scheme for disabled students, is
yet to be introduced in any of the union territories or Northeastern
states.

In 2004, the court had ordered that the Comptroller and Auditor
General set up a trust with the money recovered by it from banks as
illegal collection
from borrowers. The money, the court said, would be used for the
benefit of disabled. The trust was to be managed by the CAG as its
chairman, with the
finance secretary and law secretary as ex-officio members.

The RBI recently wrote to the under secretary, Ministry of Finance,
that Rs 173 crore in all had been deposited in the fund. While 46
commercial banks
had deposited Rs 154 crore towards excess interest charged to
borrowers, Rs 19.5 crore had been deposited as part of the additional
Rs 50 lakh each the
banks gave in accordance with the Supreme Court order.

This money, Additional Solicitor General Rakesh Khanna informed a
Supreme Court bench led by Justice K S Radhakrishnan recently, has
grown to Rs 223 crore
along with interest.

However, as the documents submitted in court showed, the trust has so
far utilised a meagre Rs 18.59 crore towards according benefits to the
physically
challenged. Only money allotted for a scholarship scheme has been
entirely used, benefiting 1,500 students per year. The number of
scholarships has now
been raised to 2,000 students per year.

Documents also revealed that no union territory or Northeastern state
barring Assam had benefited from the scholarship scheme, which has
more male recipients
than female.

At a hearing earlier, ASG Khanna had told the court about the recovery
of the amount so far and sought some additional orders on issues like
merger of
banks, or closure of banking operations by some entities, mode of
recovery from state finance corporations etc.\

The bench, which was hearing a petition filed by Ravi Shankar Bhushan,
a disabled person working in an NGO, said it would pass appropriate
orders with
assistance from the petitioner's counsel Colin Gonsalves.


-- 
Mahesh S. Panicker
Assistant Professor, Department of Political Science,
Lady Shri Ram College, Lajpat Nagar
New Delhi 110024



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