Centre pats State for public fund management system

| | Ranchi
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Centre pats State for public fund management system

Wednesday, 31 August 2016 | PNS | Ranchi

The Centre has praised the State for implementing public fund management system (PFMS) and the progress made in this regard. Union Finance Secretary Ashok lavasa while holding a meeting with all the Finance Secretaries of the country through videoconferencing underlined the works done by the State Government.

Informing about this, Additional Chief Secretary, Finance, cum Development Commissioner Amit Khare said on Tuesday that the State had been able to computerised all the 32 treasuries.

“We are for the first time going to set up cyber treasury in the State. Mapping of all the 71 centrally sponsored schemes has been completed two months ahead of the deadline October 30. Out of 90,000 implementing agencies 68,230 have been registered so far while the rest would be done by October 30. We have also set up the Chief Secretary headed State Advisory Group and Project Management Group under Finance Secretary Satyendra Singh,” said Khare.

The Union Finance Secretary while lauding the State stressed that speedy implementation of PFMS would ensure transparency in financial management at every level, situation of fund can be known and just in time release of the fund can be managed besides, submission of the utilisation certificate. The officials also assured about financial assistance in the tune of Rs 39.33 crore sought by the State for software upgradation in treasuries. Senior officials were also present in the meeting.

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