Financial Empowerment of PRIs: Measures and Challenges
Strengthening the financial autonomy of Panchayati Raj Institutions (PRIs) involves measures such as decentralization of funds, improved revenue-generating capabilities, and enhanced fiscal management. However, challenges include inadequate resources, dependence on state grants, and limited financial literacy at the grassroots level.
Challenges
- Inadequate Devolution of Powers: Despite constitutional provisions, the actual devolution of functions, funds, and functionaries remains incomplete in many states. Limited financial autonomy due to dependency on state transfers and central grants.
- Low Own Source Revenue: PRIs struggle to generate significant Own Source Revenue (OSR) due to weak tax base, lack of proper records, and inefficiencies in tax collection. Reluctance ....
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