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Procedure for release of GoI funds Requirement of Documents

Procedure for release of GoI funds Requirement of Documents.

shannon-christian
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Procedure for release of GoI funds Requirement of Documents

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  1. Procedure for release of GoI fundsRequirement of Documents • Government of India would release an ad-hoc grant in April every year up to a maximum of 50% of actual funds utilized by the SIS of the State / UT in the previous year for SSA/NPEGEL/KGBV implementation, pending approval of the Annual Work Plan & Budget by the PAB to the State / UT concerned. • The ad-hoc grant will be subject to adjustment of unspent balances as available on 1st April of the current financial year. • The ad-hoc grant will be subsequently adjusted while releasing the subsequent installment due to the State / UT, “as per approval of the Annual Work Plan & Budget for the year”. • Further installment would be released to the Society only after the State Govt. has transferred its matching funds to the Society and expenditure of at least 50% of the funds (Centre and States) transferred has been incurred. • Further release will be stalled if utilization certificates are not submitted as per the schedule.

  2. The release of funds (2nd and further installment) is also subject to the submission of the following documents : • Audit Report for the previous year by October 31st of the current year . • Utilisation Certificate for the previous year as per the audited accounts. UC to be submitted separately for both Capital and General Head (i.e. 2 UCs containing all the details of opening balance, GoI release, State release, other receipts, expenditure, outstanding advances, unspent balance at the end of the year in the format alongwith certification duly signed by FC, SPD and Statutory Auditors. • Cumulative position of State share showing the details for each of the year and the net excess / shortfall in a particular month. • Expenditure statement (upto date) at the time of release of the installment. • Balance outstanding advances as on date showing clearly advances pertaining to the previous years and the updated status both under Cap. & Gen. Head and the adjustment of advances during the current yea pertaining to the previous year.

  3. Status of Funds Releases by GoI

  4. Status of Funds Releases by GoI

  5. Status of Funds Releases by GoI

  6. Status of Funds Releases by GoI

  7. Status of Funds Releases by GoI

  8. Status of Funds Releases by GoI in North Eastern States

  9. Releases (2013-14) as on 28.01.2014 • (Rs. in Actual) Other than NER NER

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