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Funds for flagship schemes under watch

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  • Castigated by the Comptroller and Auditor General (CAG) for stepping away from protocol in releasing over Rs 50,000 crore meant for welfare schemes, the government is proposing electronic surveillance of flow of funds earmarked for flagship schemes. While CAG, the top auditor of government accounts, made note of the deviation in funds allocation, the government’s chief accountant, Controller General of Accounts (CGA), has prepared the blueprint for monitoring flow of funds worth Rs 200,000 crore per annum to over 20,000 implementing agencies. The blueprint is expected to be unveiled by finance minister Pranab Mukherjee in his budget for 2009-10. He had made a mention of it in the interim budget in February. The mechanism will capture all data related to centrally sponsored and central sector schemes right from funds earmarked, sanctions, sub-sanctions to the names of implementing agencies at each level, details of associated bank accounts and payment to the ultimate beneficiary. It will also lower level allocation of funds under 1258 Plan schemes. Pilot projects are already on.

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