The Centre's most significant rural employment and poverty eradication initiative - Swarnjayanti Gram Swarozgar Yojna (SGSY) - is far short of its stated objective. The Comptroller and Auditor General (CAG) has found "large scale diversions, misutilisation and parking of funds" curtailing the actual funding for the programme, which was launched on April 1, 1999 to cover all aspects of self-employment for rural poor. The CAG report for the year ending March 2002 noted, "As against the targeted coverage of 30 per cent of the below poverty line (BPL) families to be covered in a period of five years, only 4.59 per cent could be covered in the initial three years of the implementation."