The Union Finance Ministry has requested all ministries and departments to not provoke any new scheme within the present monetary yr as there’s a want to make use of sources prudently within the wake of the COVID-19 disaster.
Solely funds for schemes underneath the Pradhan Mantri Garib Kalyan Bundle, the Aatmanirbhar Bharat Abhiyan bundle and another particular bundle or announcement can be allotted, based on an workplace memorandum by the Division of Expenditure underneath the Finance Ministry.
Any scheme that has already been accepted for the present monetary yr, together with these schemes for which in-principle approval has been given, will stay suspended until March 31 subsequent yr or additional orders.
The expenditure division stated it has been receiving many new proposals for in-principle approval from numerous ministries or departments.
“It could be appreciated that within the wake of the COVID-19 pandemic, there’s unprecedented demand on public monetary sources and a necessity to make use of sources prudently in accordance with rising and altering priorities,” it stated.
“No new proposals for a scheme/sub-scheme ought to be initiated this yr (2020-21) besides the proposals introduced underneath the Pradhan Mantri Garib Kalyan Bundle, the Aatmanirbhar Bharat Abhiyan bundle and another particular bundle/announcement,” it added. With regard to the present ongoing schemes, the Division of Expenditure stated it has already given an interim extension until March 31, 2021, or until the date the suggestions of the 15th Finance Fee come into impact, whichever is earlier.
“No funds could also be launched for schemes that aren’t in strict conformity to the directions…nor ought to budgetary provisions be made accessible by re-appropriation to such schemes,” it stated.
Any exceptions to those pointers would require the approval of the expenditure division, it added.
— to www.dnaindia.com