Patna, July 25 -- The Comptroller and Auditor General (CAG) in its report stated that the Bihar government has failed to submit utilisation certificates (UCs) for projects worth Rs 70,877 crore, raising concerns that funds might be 'misused'.

The CAG report on the State Finances Audit for the year 2023-24 was tabled in the state assembly.

The CAG report states, "Despite the requirement of submitting Utilisation Certificates (UCs) within a stipulated time period, 49,649 outstanding UCs of Rs 70,877.61 crore were not received by the Accountant General (Accounts & Entitlements), Bihar, as on 31 March 2024. In the absence of UCs, there is no assurance that funds disbursed have been used for the intended purpose."

"Moreover, high pendency o...