Saturday, September 19, 2015

Drawal of LSGI funds - procedure modified

Finance department again modified drawal of funds in respect of Local Self Govt Institutions from Treasuries. The unspent amount in public account in various heads including SC share should be transferred to general sector of development fund and will be kept in public account. General sector development fund can be drawn from this account till it exhausts.Then only general sector of Development fund drawal from consolidated fund permitted.The expenditure under SCP,TSP,KLGSDP and FC Grant can be drawn from consolidated fund though public account not exhausted. 

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