Financial Management Index for Rural Development Programmes

  • On 25th July, 2020, the Union Ministryof Rural Development released a “Financial Management Index for Rural Development Programmes”. It aims to rank states on efficient management of financial resources allocated for implementing rural development programmes.

Parameters

The index will rank the States on the basis of following parameters:

  • Preparation of annual plan and projecting the requirement of funds for the financial year
  • Expeditious release of State’s share
  • Timely utilization of the funds and submission of the Utilization Certificates
  • Optimum implementation of Public Financial Management System (PFMS)& Direct Benefit Transfer(DBT)
  • Internal Audit
  • Social Audit

Impact

  • It would ensure that continuous monitoring is kept over the ....
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