CRIF - Central Road
& Infrastructure Fund
·
One of the Sources of
Finance under Capital Expenditure (Capex) of Indian Railways
·
Rs. 18,500 Crores -
allocated to Capex of Indian Railways in 2020-21 Budget (Rs. 15,250 Crores in
2019-20) - Usually spend on LC Gates and ROB/RUBs under Plan Heads 2900 & 3000 through RSF - Railway Safety Fund. CRIF is the main source for RSF.
·
Established in 2000 (The
Central Road and Infrastructure Act, 2000)
F
·
Old name is CRF -
Central Road Fund
·
Managed by Dept of Economic Affairs (DEA) under
Ministry of Finance. (Previously it is under Ministry of Road Transport &
Highways)
·
Source of Fund - Levy & collect by way of Cess, a duty of
excise and duty of customs on Petrol and Diesel (in 2018-19 - Rs. 1,13,000 Crores collected). It is approximately Rs. 10 per liter of
Diesel / Petrol.
·
Object: To
finance infrastructure projects such as Railways, Inland Waterways, Roads &
Bridges, Ports, Shipyards, Urban Public Transport, Energy, Water &
Sanitation, Communication & Social infrastructure (educational institutions)
·
Ministerial panel on CRIF - 4 Ministers (of Finance,
Railways, Road transport & Highways, HRD) - for allocation of funds under
CRIF
·
The 15-member sub-committee has Secretaries from
different Ministries - Examine and evaluate proposals received from Ministries
on infrastructure projects.
****
