Haryana launches online system for grants-in-aid

  • | Thursday | 9th August, 2018

So far, information on about Rs 7,530 crore in bank accounts of 257 units had been received. If any department desired to open more than one account, it would have to take prior permission from the finance department by giving complete justification. He said 9,300 DDOs and about 105 treasury officers have been imparted special training and about 50,000 bank accounts of various departments, boards and corporations would be made online from Wednesday onwards. CHANDIGARH: With the launch of an online portal for the release of grant-in-aid to various government departments on Wednesday, Haryana has become the first state in the country to take such an initiative. This company would be registered with the RBI to enable it to work as an NBFC, he added.Later, principal secretary (finance) T V S N Prasad gave a presentation on online transactions.

CHANDIGARH: With the launch of an online portal for the release of grant-in-aid to various government departments on Wednesday, Haryana has become the first state in the country to take such an initiative. Haryana finance minister Captain Abhimanyu launched the portal by making online transaction of Rs 84.58 crore with the health department under the National Health Mission.Giving details of the new system, Abhimanyu said the online system of budgetary transaction would not only further enhance transparency but also enhance working efficiency of drawing and disbursing officer, treasury officers and officers and employees of the finance department.The finance minister said in future all government departments would have to keep a single bank account for all their transactions. He reminded that in his budget address for the financial year 2018-19, he had mentioned that it would be mandatory for all departments to keep the government funds in a single account. If any department desired to open more than one account, it would have to take prior permission from the finance department by giving complete justification. He said the central government had directed the state governments to open separate bank accounts for the transactions of smart city fund, he added.The minister also stated that the finance department had started the work to gather information about bank accounts of various departments, boards and corporations and local bodies. So far, information on about Rs 7,530 crore in bank accounts of 257 units had been received. He said with a view to ensuring optimum utilization of this fund, a non-banking financial company (NBFC), Haryana State Financial Services Limited (HSFL), is being set up. This company would be registered with the RBI to enable it to work as an NBFC, he added.Later, principal secretary (finance) T V S N Prasad gave a presentation on online transactions. He said 9,300 DDOs and about 105 treasury officers have been imparted special training and about 50,000 bank accounts of various departments, boards and corporations would be made online from Wednesday onwards.

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