The state government may close down the once-prominent 35-year-old Gujarat State Rural Development Corporation (GSRDC) Ltd,which acts as a nodal agency for executing rural development schemes.
The corporation was established in 1977.
According to highly placed sources in the state government,the state finance department has recommended to shut down the non-performing and least relevant corporation.
The state government has formed a five-member ministerial committee headed by Rural Development Minister Narottam Patel to consider the issue,they said,adding that a final meeting of the committee is expected to clear the decision shortly.
GSRDCs managing director A K Varshney said,Now,the corporation is making some profit and has also cleared the losses. We have requested the government to reconsider the decision. Today,the state and central governments have a number of new schemes for rural development. The corporation can work for the execution of these schemes. In the last three years,the corporation has performed better and there is scope for rejuvenating it.