It further said "Projects were delayed due to delay in preparation/sanction of estimate and delay in acquisition of land. Delay in completion of projects resulted in cost overrun of Rs 1.07 lakh crore and huge throw-forward of Rs 1.86 lakh crore in respect of 442 ongoing projects."

The CAG in its report said there was lack of consistency in prioritisation of projects and also there were several instances of under-utilisation of funds which had adverse impact on the physical progress of projects.

The report observed that while the allotment of funds was not proportionate to the requirement, there were several instances of under-utilisation of funds which had adverse impact on the physical progress of projects.

Noting that during 2009-14, 202 projects were added to the existing shelf of ongoing projects ignoring existing fund constraint and as a result only 67 projects were completed during the same period.

It has found that the rate of return was less than the prescribed benchmark of 14 percent in 236 (53 percent) ongoing projects.

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