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Corrigendum DT 26.06.2023 To All Secys

The Government of India has issued an office memorandum outlining relaxations for the release of funds under Centrally Sponsored Schemes (CSS) for the fiscal year 2023-24. Key relaxations include allowing fund releases without certain requirements until August 31, 2023, and modifications to fund installment procedures. Additionally, a one-time editing facility for legacy data in the Public Financial Management System (PFMS) will be provided, and training for relevant officers is encouraged.

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10 views2 pages

Corrigendum DT 26.06.2023 To All Secys

The Government of India has issued an office memorandum outlining relaxations for the release of funds under Centrally Sponsored Schemes (CSS) for the fiscal year 2023-24. Key relaxations include allowing fund releases without certain requirements until August 31, 2023, and modifications to fund installment procedures. Additionally, a one-time editing facility for legacy data in the Public Financial Management System (PFMS) will be provided, and training for relevant officers is encouraged.

Uploaded by

Venu Gopal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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F.

No l/(08)/PFMS/2023
Government of India
Ministry of Finance
Department of Expenditure

North Block,
New Delhi, 9th June, 2023

OFFICE MEMORANDUM

Subject: Procedure for release of funds under Centrally Sponsored Schemes (CSS)
and monitoring utilization of the funds released - relaxations in certain
provisions for release of funds in 2023-24.

It has been brought to the notice of this Department that some Ministries/Departments are
facing issues in release of funds to State Governments under CSS. In this regard, a meeting was
also held under the chairmanship of Finance Secretary & Secretary (Expenditure) on 8th June,
2023.

2. On the basis of feedback received from various Ministries/Departments and the


discussions in the meeting, following relaxations/clarifications are conveyed -

i. It has been decided to allow release of funds under CSS in 2023-24 to State Governments
till 31st August, 2023 without insisting on (i) deposit of central share of interest accrued
in SNA account in the Consolidated Fund of India and (ii) entry of legacy data.

ii. In partial modification to this Department’s OM No l/(08)/PFMS/2023 dated 5th June,


2023 regarding release of 1st installment of funds in 2023-24, para (v) of this
Department’s instructions dated 23rd March 2022 may be read as -

“Funds available in the bank account of SNA should not be more than 50% of the 1st
installment of central share likely to be released to a State in a financial year including
corresponding State share”.

iii. The program division of the Ministry/Department may obtain administrative approval of
competent authority and financial concurrence of the Financial Adviser in one go for
release of two installments of not more than 25% each. However, release of funds shall
be as per this Department’s guidelines.

iv. As per extant policy, the interest accrued in the SNA account is shared between the
Centre and the State in the scheme sharing ratio. However, in some schemes, the State
Governments are releasing the ‘top up’ amount to the SNA account in addition to the
Central share and State share. In cases where the ‘top up’ amount is clearly identifiable
either through release to SNA account from a separate head of account or through entry
of legacy data, the interest accrued on ‘top up’ amount may be retained in full by the
State Government.
3. A facility for one time editing of legacy data will be provided in PFMS.

4. For training of officers of Program divisions and State Governments on legacy data entry
and deposit of interest or on any other PFMS modules, the Ministries/Departments may approach
Sh C V Prasad, Jt CGA, PFMS division.

5. This issues with the approval of the competent authority.

(Prateek Kumar Singh)


Director
Tel. No. 23094961
To

1. All Secretaries to the Government of India


2. All Financial Advisers to the Government of India

Copy to:

1. Addl CGA, PFMS Division, O/o CGA with the request to take necessary action as
per para no 3 & 4 above.

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