Bhubaneswar, Dec. 14: The dip in central assistance by 15 per cent this year is affecting the state's economy.

Admitting this, finance minister Pradip Kumar Amat said: "The decrease in funds is a cause of grave concern. There will be a net loss of Rs 6,127 crore due to the drying of funds. The flow of central assistance got reduced after eight central schemes were discontinued. The Centre has also decided to restructure 33 centrally sponsored schemes by changing the sharing pattern," said the minister.

The eight discontinued central schemes include the Backward Regions Grant Fund, Modernisation of State Police Forces and the revised long-term action plan for undivided Koraput, Balangir and Kalahandi. The state is set to lose Rs 1,854 crore on account of this. Similarly, the Centre-state sharing pattern has changed for 33 centrally-sponsored schemes, including include the National Food Security Mission, National Horticulture Mission, Rajiv Awas Yojana, Sarva Shiksha Abhiyan, Swachh Bharat Abhiyan, Skill Development Mission, Rashtriya Krishi Vikas Yojana and the Accelerated Irrigation Benefit Programme. The state will receive a reduced central assistance by Rs 4,273 crore due to the move.

Incidentally, the state has received a central assistance of Rs 6,641 crore under the state plan, a meagre Rs 30.87 crore under central plan and Rs 4.46 crore under the Centre-sponsored plan by October.

To meet the revenue shortfall, the minister said: "The state has initiated measures to mop up more revenue from its sources. It has mobilised Rs 11,970 crore from its own tax sources and Rs 3,902 crore from non-tax sources, which is 56.25 per cent and 43.30 per cent of the target fixed.

Amat, however, claimed that the revenue collection from own tax sources and non-tax sources had been higher this year by 26 per cent and 8.95 per cent, respectively, compared to the corresponding period last year.