While the shocking reports of debts of the Kerala government have surfaced, the CAG report has found severe lapses from the state. According to the report, the Kerala State Coconut Development Corporation has only sold 873 litres of coconut oil out of total production of 24,032.51 litres. The remaining oil was wasted and it caused a loss of Rs 2 crores.
The state is wasting crores of rupees allotted by the Center under the Rashtriya Krishi Vikas Yojana scheme to improve the economic condition of the state and the farmers. The shocking facts were pointed out in the audit report of the Accountant and Auditor General submitted in the Assembly yesterday. The report cites mismanagement, lack of oversight and planning.
The Virgin Coconut Oil project was launched with the promise of huge export potential and gains in the domestic market. 14 crores of loss were reported in Kerala Agro Industries corporation and similar losses in some PSUs were also cited in the CAG report, says a report from Kerala Kaumudi.