The Rural Development Ministry has sanctioned Rs 36.65 crore for the Union Territory of Ladakh under the Pradhan Mantri Gram Sadak Yojana, or PMGSY, for the financial year 2023-24.
A circular issued by the Ministry on October 19 said the UT administration must transfer these funds to Ladakh Rural Road Development Agency (LRRDA) within a maximum period of 30 days from the date of receipt of these funds.
The circular also said in case of delay beyond 30 days in the transfer of the central share to the Single Nodal Agency, interest will be charged at the rate of 7 per cent per annum.
